S&P500 Expert Lounge Update – October 27, 2017

Good morning everyone,

These are key timing for today:  9:30AMEST, 1:30PMEST

These are key MA levels:  5EMA 2565, 10DMA 2561,  20DMA 2549, 50DMA 2503, 100DMA 2476, 200DMA 2415

These are key Fib Levels: 2578, 2568, 2547, 2527

These are key primary and intermediate levels: 2547 (intermediate minor), 2491(intermediate minor), 2457(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate)

Here is today's market look at the S&P 500 for Friday, October 27, 2017

Happy Friday everyone!  With GDP in the rear view mirror, data is light the rest of the day with only Consumer Sentiment at 10:00AMEST, and the Baker Hughes Rig Count at 1:00PMEST.  MSP looks to be overall choppy today with not much of an advantage to be given to either side.

MSP

We look set to rally above resistance that stopped yesterday's rally, it will be important for buyers to maintain above and ideally close the day above the 5DEMA to signal a new shift in short near term momentum.  We also have a new intermediate pivot level at 2547 marking a significant point for sellers to shoot for.  Good luck today and have a great weekend!

Primary and Intermediate Level

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