S&P500 Expert Lounge Update – March 14, 2018

Good morning everyone,

These are key MA levels:  5EMA 2760, 10DMA 2733,  20DMA 2727, 50DMA 2745, 100DMA 2680, 200DMA 2574

These are key Fib Levels:   2905, 2807, 2643, 2617, 2450

These are key primary and intermediate levels: 2871(primary minor), 2817(intermediate minor), 2779(primary minor), 2765(intermediate minor), 2651(primary minor), 2577(intermediate minor), 2563(intermediate minor)

Here is today's market look at the S&P 500 for  Wednesday, March 14, 2018

The Remaining data for today's session consists of the Atlanta Fed Business Inflation Expectations and Business Inventories at 10:00AMEST, and the EIA Petroleum Status Report at 10:30AMEST.  Yesterday saw us hit the psychological 2800 level before selling off back to the 5DEMA  where momentum traders stepped back into the fray.  With broadening and rising support coupled with the moving averages and intermediate minor level at 2727 should prove to be solid support for buyers.  Below that zone and things get thin at least back down to the intermediate minor level and 100DMA in the upper 2600 zone.  Good luck today!

Primary and Intermediate Levels Detail

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