S&P500 Expert Lounge Update – May 27, 2016

Good morning everyone,

These are key timing for today:  9:45AMEST

These are key MA levels:  5EMA 2080, 10SMA 2065, 20SMA 2063, 50SMA 2066

These are key Fib Levels:  2082 and 2100

These are key primary and intermediate levels:    2060(minor), 2072(major), 2086(major), 2099(minor),

Here is today's market look at the S&P 500 for  Friday, May 27th, 2016

Happy Friday!  A rather subdued overnight and early morning session even with the release of GDP and most likely a function of pressing into a holiday weekend and the beginning of the summer trading months.  Consumer sentiment is the only data point today that should move the needle at all at 1000AMEST since GDP was released earlier.  Longer term MSP is taking us into a period of weakness starting in this general time area so please be mindful of that when planning your trades.  We have a 2nd end on the 60min chart and also new support so whichever of those is taken out first will likely define the near term trend.  Have a good weekend everyone.

MSP

MSP

LT MSP

LT MSP

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