Good morning everyone,
These are key timing for today: 10:00AMEST, 3:00PMEST
These are key MA levels: 5EMA 2049, 10SMA 2057, 20SMA 2066, 50SMA 2060, 200SMA 2008
These are key primary and intermediate levels: 2020(minor) 2021(minor primary) 2040(minor) 2060(minor), 2072(major),
Here is today's market look at the S&P 500 for Thursday, May 19th, 2016
With the massive whipsaw yesterday, we've created a rather large range racing zone so be careful with placing stops inside of it because they can be grabbed very easily with short out sized moves. On the historical extreme's chart you can see that we've moved into the vacuum space which doesn't provide much in the way of support so long as we remain under the 2040 SPX intermediate minor level. The bulk of the data has been put on the market 8:30AMEST but the Leading Indicators at 10:00AMEST has the potential to cause an uptick in volatility, and being that it coincides with timing it makes it an increased time of interest. Good luck today.