S&P500 Expert Lounge Update –September 7, 2016

Good morning everyone,

These are key timing for today: 9:30AMEST, 1:00PMEST

These are key MA levels:  5EMA 2179, 10DMA 2176, 20DMA 2180, 50DMA 2163

These are key Fib Levels:  2189, 2192

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 Wednesday, September 7, 2016:

Marginal weakness in the overnight session hints at red open.  Economic Data wise we're looking at the Redbook at 8:55AMEST, and the PMI Services index at 9:45AMEST which coincides with MSP intraday timing point [2].  We are currently backtesting an End on the 60min cycles which should provide support near term and overhead we have resistance on the 480 chart at yesterday's highs that will be the target for buyers to take control of.   Good luck today!

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

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