S&P500 Expert Lounge Update – September 15, 2017

Good morning everyone,

These are key timing for today: 

These are key MA levels:  5EMA 2488, 10DMA 2477,  20DMA 2459, 50DMA 2260, 100DMA 2436, 200DMA 2373

These are key Fib Levels: 2497, 2486, 2478

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 Friday, September 15, 2017

Happy Friday everyone!  With the half life of ICBM launches effect on the market now but an hour or so, we've managed to retrace virtually all of last nights drop.  Perhaps a strategically placed Economic point will have more of a reaction, as such, we have Industrial Production at 9:15AMEST, Business Inventories and Consumer Sentiment at 10:00AMEST, and the Baker Hughes Rig Count at 1:00PMEST.  The technical picture remains virtually unchanged with nothing more than a successful backtest of the intermediate minor level at 2491 yesterday.  There is still roughly 15 points of fudge room before coming into rising support and all but round number psychology above the ATH.  Good luck today and have a great weekend!

Primary and Intermediate Levels Detail

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