S&P500 Expert Lounge Update –September 9, 2016

Good morning everyone,

These are key timing for today:  10:45AMEST, 1:00PMEST

These are key MA levels:  5EMA 2179, 10DMA 2177, 20DMA 2179, 50DMA 2166

These are key Fib Levels:  2171, 2168, 2162

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 Friday, September 9, 2016:

Happy Friday!  RVS tacked on a 1CPM long position at close of business yesterday so it will be interesting to see what transpires with today's session as weakness asserted itself in the overnight.  MSP is looking to bottom out as early as 10:45AMEST, but could potentially run a little longer into the last timing point of the day at 1:00PMEST.  There are a confluence of technical items that show 2162 as an area of interest with the 50DMA, rising TL, and a Fibonacci extension target.  Good luck today and we hope everyone has a phenomenal weekend!

2016-09-09_8-14-12-intraayMSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

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