S&P500 Expert Lounge Update –September 6, 2016

Good morning everyone,

These are key timing for today: 11:00AMEST, 1:30PMEST

These are key MA levels:  5EMA 2175, 10DMA 2175, 20DMA 2179, 50DMA 2161

These are key Fib Levels:  2169, 2167, 2155

These are key primary and intermediate levels:  2180(minor), 2155(minor), 2148(minor)

Here is today's market look at the S&P 500 for Tuesday, September 6, 2016

Welcome to the official opening day of 'trading season'.  9:30AMEST brings us PMI Services Index and 10:00AMEST we have the ISM Non Manufacturing Index.  Overnight price action including the Monday holiday session has meandered mostly sideways and currently has us opening essentially flat.  15min cycles has already put in a very shallow End off a Bearish Retrace at the most recent lows and the 60min cycles put in an End off a bullish retrace off the overnight highs.  Those will key to defining direction in the near term.  Good luck today and welcome back from the extended break.

 

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

 

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