S&P500 Expert Lounge Update –September 8, 2016

Good morning everyone,

These are key timing for today: 11:30AMEST, 1:15PMEST

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 Thursday, September 8, 2016:

More chop in the overnight saw us make new pivot highs and reverse directly.  It appears that the regular trading hours should also visit that pivot high.  MSP wise, all but the cyan projection are still valid so it will be important to see what transpires at the 11:30AMEST timing window.  Calendar wise we have Jobless claims at 8:30AMEST, Consumer Comfort Index at 9:45AMEST, EIA Natural Gas Report at 10:00AMEST, EIA Status Report at 11:00AMEST, and Consumer Credit at 3:00PMEST.  Remember also that contract roll to the December ES contract takes place today.  Good luck!

 

MSP

MSP

mSPXLevelsDetail

Primary and Intermediate Levels

Primary and Intermediate Levels

 

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