Good morning everyone,
These are key timing for today: 12:30PMEST
These are key MA levels: 5EMA 2145, 10DMA 2153, 20DMA 2170, 50DMA 2168, 100DMA 2123
These are key Fib Levels: 2157, 2146, 2113, 2082
These are key primary and intermediate levels: 2155 (intermediate minor), 2131(intermediate minor), 2126(primary major)
Here is today's market look at the S&P 500 for Wednesday, September 14, 2016:
A quiet overnight session is currently leading into weakness starting from the premarket session with the white, red, and magenta MSP's all in the realm of reason, so be on the alert at mid day. HAL and RVS still remain in their long placemarker positions which gives a marginally upward bias, but these can be closed at anytime so it is best not to overweight them. It is going to be another exceptionally quiet day on the economic data front with only EIA Petroleum Status Report coming out at 10:30AMEST. Be mindful of the 60 and 135min cycle charts as they have a nice range defined with current Bearish Retraces and Ends in place. Good luck today.