S&P500 Expert Lounge Update – March 13, 2017

Good morning everyone,

These are key timing for today: N/A

These are key MA levels:  5EMA 2368, 10DMA 2371,  20DMA 2359, 50DMA 2309, 100DMA 2250, 200DMA 2196

These are key Fib Levels: 2388, 2384, 2358

These are key primary and intermediate: 2401(intermediate minor), 2359 (intermediate minor), 2275(intermediate minor), 2254(intermediate minor)

Here is today's market look at the S&P 500 for Monday, March 13, 2017

Good morning everyone.  We have a super light data load this morning with only the Labor Market Conditions Index at 10:00AMEST.  With the markets successful backtest of broken resistance we should see a larger retrace of the drop from the all time high if not having that level exceeded.  The current challenge for buyers is regaining the 10DEMA and then after that the important area between 2384 and 2388 will be the next potential turn area.  We have also established two new intermediate minor levels at the all time high and below at 2359 near last weeks pivot low level.  With that, price has areas of interest both above and below current levels that has the potential to define a continued trading range and choppiness.  Good luck today!

Primary and Intermediate Levels

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