S&P500 Expert Lounge Update – September 13 , 2017

Good morning everyone,

These are key timing for today: n/a

These are key MA levels:  5EMA 2475, 10DMA 2468,  20DMA 2456, 50DMA 2257, 100DMA 2434, 200DMA 2370

These are key Fib Levels: 2497, 2484, 2477

These are key primary and intermediate levels: 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 Wednesday, September 13, 2017

Today is light in the data department with the EIA Petroleum Status Report at 10:30AMEST, and the Treasury Budget at 2:00PMEST.  With the systems short the current advantage is to the sellers, however, there have been two successful support outcomes from backtesting the 2491 intermediate minor level which indicates the market is still quite resilient.  We still have a good deal of space below if the market decides a pullback is in order and likely wouldn't catch rising support and moving averages till somewhere around 2477.  Good luck today!

Primary and Intermediate Levels Detail

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