S&P500 Expert Lounge Update – September 5, 2018

Good morning everyone,

These are key MA levels:  5EMA 2902, 10DMA 2886,  20DMA 2864, 50DMA 2717, 100DMA 2766, 200DMA 2731

These are key Fib Levels: 2929, 2861, 2848

Here is today's market look at the S&P 500 for Wednesday, September 5, 2018

With all the data past this morning, the market is all technical for today's session with today looking to start out marginally negative at present.  The 10DMA held price firm for yesterday's session as we bounced back to declining resistance from the all time highs.  The remainder of the week will be a decision making process for price as we near an intersection of declining resistance and rising support at the 2890 level.  Buyers have yet to get an intermediate pivot marker and sellers are slowly working their way towards the primary minor level at 2873 which should produce some support overall.  Good luck today!

Primary and Intermediate Levels Detail

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