S&P500 Expert Lounge Update – September 19, 2018

Good morning everyone,

These are key MA levels:  5EMA 2898, 10DMA 2889,  20DMA 2887, 50DMA 2849, 100DMA 2787, 200DMA 2746

These are key Fib Levels: 2929, 2855

Here is today's market look at the S&P 500 for Wednesday, September 19, 2018

Data for today's session consists of Housing Starts and Current Account at 8:30AMEST and the EIA Petroleum Status Report at 10:30AMEST.  Price attempted a break over resistance during yesterday's session but failed to follow through after hitting the intermediate minor level at 2910 and is currently set to open lower by a couple of points.  Bears still have the challenging task of attacking the 10 and 20DMA stack along with rising support if they have any hopes of getting something solid going.  Should buyers be able to rising support and the moving averages then another leg higher is a very high probability.  Good luck today!

Primary and Intermediate Levels Detail

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