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S&P500 Expert Lounge Update – November 28, 2017

Good morning everyone,

These are key timing for today: 10:30AMEST, 1:30PMEST

These are key MA levels:  5EMA 2596, 10DMA 2587,  20DMA 2585, 50DMA 2557, 100DMA 2509, 200DMA 2448

These are key Fib Levels: 2549, 2557, 2592, 2607

These are key primary and intermediate levels: 2595(intermediate minor) 2577 (intermediate minor), 2445(intermediate minor), 2490(intermediate minor)

Here is today's market look at the S&P 500 for Tuesday, November 28,  2017

The overnight session, much like last nights, looks set to open higher and is taking on the characteristics of the red MSP which while a bit choppy through the early session looks to add onto the strength that started in the overnight as the session progresses.  Data is abundant today with International Trade in Goods at 8:30AMEST, Feds Redbook at 8:55AMEST,  FHFA House Price Index and Case Schiller Home Price Index at 9:00AMEST, Consumer Confidence, Richmond Fed Manufacturing, and State Street Investor Confidence all coming in at 10:00AMEST,  and lastly the Gallup US Economic Confidence Index at 2:00PMEST.

MSP

Again we challenged the rising support into the close and looks set to gap higher again this morning.  Until we trade through this level on a sustained basis then buyers still have a firm grasp on the market.  Once this level breaks we can look for the intermediate minor level at 2595 as a clear downside minimum target.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – November 21, 2017

Good morning everyone,

These are key timing for today: 11:30AMEST, 2:30PMEST

These are key MA levels:  5EMA 2578, 10DMA 2582,  20DMA 2579, 50DMA 2549, 100DMA 2502, 200DMA 2442

These are key Fib Levels: 2549, 2557, 2592, 2607

These are key primary and intermediate levels: 2597(intermediate minor) 2579 (intermediate minor), 2445(intermediate minor), 2490(intermediate minor)

Here is today's market look at the S&P 500 for Tuesday, November 21, 2017

With only the cyan MSP marking a low at timing through the overnight there is potential a good potential for a reversal around mid day timing and weakness all the way through the afternoon session.  Economic data today consists of the Chicago Fed National Activity Index at 8:30AMEST, the Feds Redbook at 8:55AMEST, and Existing Home Sales at 10:00AMEST.

MSP

Yesterday we found rising support at the close and sustained trade on a retest of the moving averages which has let to the overnight follow through which looks set to open well over the declining resistance level.  Price action over this area will be important because a failure to maintain above the resistance has a good probability of retracing the entire rally and head towards the 50DMA.  The key word is 'failure' though.  Sustained trade above resistance should be considered basing for a new rally leg.  Good luck today!

Primary and Intermediate Levels

S&P500 Expert Lounge Update – October 27, 2017

Good morning everyone,

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

These are key MA levels:  5EMA 2565, 10DMA 2561,  20DMA 2549, 50DMA 2503, 100DMA 2476, 200DMA 2415

These are key Fib Levels: 2578, 2568, 2547, 2527

These are key primary and intermediate levels: 2547 (intermediate minor), 2491(intermediate minor), 2457(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate)

Here is today's market look at the S&P 500 for Friday, October 27, 2017

Happy Friday everyone!  With GDP in the rear view mirror, data is light the rest of the day with only Consumer Sentiment at 10:00AMEST, and the Baker Hughes Rig Count at 1:00PMEST.  MSP looks to be overall choppy today with not much of an advantage to be given to either side.

MSP

We look set to rally above resistance that stopped yesterday's rally, it will be important for buyers to maintain above and ideally close the day above the 5DEMA to signal a new shift in short near term momentum.  We also have a new intermediate pivot level at 2547 marking a significant point for sellers to shoot for.  Good luck today and have a great weekend!

Primary and Intermediate Level

S&P500 Expert Lounge Update – October 16, 2017

Good morning everyone,

These are key timing for today:  2:30PMEST

These are key MA levels:  5EMA 2551, 10DMA 2545,  20DMA 2525, 50DMA 2287, 100DMA 2465, 200DMA 2403

These are key Fib Levels: 2566, 2530

These are key primary and intermediate levels: 2491(intermediate minor), 2457(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate)

Here is today's market look at the S&P 500 for Monday, October 16, 2017.

Overnight price action has tracked the cyan MSP well so a rather flat day overall is to be expected.  Data is extremely light today with only the Empire State Manufacturing Survey at 8:30AMEST, and the Treasury Budget at 2:ooPMEST.

MSP

Price still continues to defy gravity and the 5DEMA but has slowed its torrent ascent as buyer fatigue sets in.  Little has changed over the past few days with little to expect from sellers until the 5DEMA is closed below, at which point a trip to the low 2540's at the very least is to be expected.  Good luck today and have a great week!

Primary and Intermediate Levels

S&P500 Expert Lounge Update – September 6 , 2017

Good morning everyone,

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

These are key MA levels:  5EMA 2461, 10DMA 2453,  20DMA 2452, 50DMA 2253, 100DMA 2427, 200DMA 2363

These are key Fib Levels: 2489, 2466, 2401, 2389

These are key primary and intermediate levels: 2491(intermediate minor), 2457(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate)

Here is today's market look at the S&P 500 for Wednesday, September 6 2017

With current price action favoring the magenta MSP thus far we look set to be in for a net flat day with weakness in the morning and strength through the latter portion of the afternoon.  Data wise we have the Fed's Redbook at 8:55AMEST, PMI Services Index at 9:45AMEST, ISM Non-Manufacturing Index at 10:00AMEST and the Fed's Beige Book at 2:00PMEST.

MSP

The technical picture currently has us working our way through the early stages of a compression pattern with a wide range for price to race through.  Sustained trade above the intermediate minor level of 2457 most likely leads to another run at declining resistance at the very least.  Below, the 2440 area should provide near term support on a break of the nearest rising support.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – September 5, 2017

Good morning everyone,

These are key timing for today: 1:00PMEST

These are key MA levels:  5EMA 2459, 10DMA 2450,  20DMA 2453, 50DMA 2252, 100DMA 2426, 200DMA 2362

These are key Fib Levels: 2489, 2466, 2401, 2389

These are key primary and intermediate levels: 2491(intermediate minor), 2459(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate)

Here is today's market look at the S&P 500 for Tuesday, September 5, 2017

With the cyan MSP tracking the best overall through the holiday overnight session, after the initial opening gap down at the beginning of the regular trading hours, expect an overall choppy session.  There are a few items of interest on the economic calendar today with Factory Orders at 10:00AMEST, TD Ameritrade Investor Movement Index at 12:30PMEST, and the Gallup US Economic Confidence Index at 2:00PMEST.

MSP

There is very little of technical significance until we get down to the intermediate minor level 2457 where and the broadening support and daily moving averages come into play.  Coupling MSP and the technical picture it would be well advised to remain patient today if not an all out spectator.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – August 29, 2017

Good morning everyone,

These are key timing for today: 9:30AMEST, 2:00PMEST

These are key MA levels:  5EMA 2444, 10DMA 2443,  20DMA 2455, 50DMA 2250, 100DMA 2421, 200DMA 2356

These are key Fib Levels: 2454, 2447, 2401, 2389

These are key primary and intermediate levels: 2491(intermediate minor), 2459(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate),

Here is today's market look at the S&P 500 for Tuesday, August 29, 2017

The overnight session thanks to a little help from Mr. Kim while volatile has been tracking the magenta and white MSP the best which would lend itself to a flat to down overall regular trading hours session.  Data wise we have the Feds Redbook at 8:55AMEST, Case Shiller Home Price Index at 9:00AMEST, and lastly a double dose of confidence with both the Consumer and Investor Confidence Surveys coming in at 10:00AMEST.

MSP

With the pending regular trading hours gap down, the 100DMA and intermediate minor level of 2424 is a solid area of interest.  Sustained trade below that level and things get slippery with very little in the way of support levels or technical help until the psychological level at 2400 and then the intermediate level at 2383.  Buyers have their job cut out with multiple declining resistance levels and a pile of moving averages bearing down on any rally attempts, but their first target to reclaim would be 2440.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – August 15, 2017

Good morning everyone,

These are key timing for today: 9:30AMEST, 12:15PMEST, 2:00PMEST

These are key MA levels:  5EMA 2458, 10DMA 2467,  20DMA 2470, 50DMA 2248, 100DMA 2413, 200DMA 2340

These are key Fib Levels: 2415, 2452

These are key primary and intermediate levels: 2459(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate), 2374(intermediate minor), 2355(intermediate minor), 2344(intermediate minor)

Here is today's market look at the S&P 500 for Tuesday, August 15,  2017

Overnight price action has left a high degree of ambiguity relative to the MSP of preference so it seems the best way to approach this is to wait for the next timing at 9:30AMEST to gather some more evidence for the regular trading hours potential path.

MSP

MSP

Yesterday saw buyers close back above the 5DEMA in what appears to be a consolitory fashion, but to claim any real validity, sustained trade above the 10 and 20DMA's would be preferrable.  A retest of either the intermediate level just below at 2459, or the 50DEMA would also be highly probable after such a sharp rally.  With only an intermediate pivot marker at the lows, buyers have the advantage until a new one presents itself either here or at higher prices.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – August 14, 2017

Good morning everyone,

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

These are key MA levels:  5EMA 2461, 10DMA 2468,  20DMA 2469, 50DMA 2248, 100DMA 2411, 200DMA 2338

These are key Fib Levels: 2489, 2459

These are key primary and intermediate levels: 2459(intermediate minor), 2440(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate), 2374(intermediate minor), 2355(intermediate minor), 2344(intermediate minor)

Here is today's market look at the S&P 500 for Monday, August 14, 2017

Current MSP has been tracking white through the overnight which would suggest morning weakness till the afternoon portion of the session from the regular trading hours open.  Economic outlook for this morning involves Business Inventories and Housing Market Index at 10:00AMEST.

MSP

The technical picture is going to have us open up above the 50DMA at present and near declining resistance, so some sort of sharp reaction downward at the open would not be surprising.  Above that we'll have the lower 2460's area providing more resistance with a stack of DMA's and an intermediate minor level.  Further down, the 2420 zone will provide support with the 100DMA, rising support and another intermediate minor levels.  Good luck today!

Primary and Intermediate Levels Detail

S&P500 Expert Lounge Update – July 7, 2017

Good morning everyone,

These are key timing for today: 12:00PMEST

These are key MA levels:  5EMA 2422, 10DMA 2428,  20DMA 2432, 50DMA 2413, 100DMA 2386, 200DMA 2298

These are key Fib Levels:  2442, 2418, 2407, 2393

These are key primary and intermediate levels: 2454(intermediate minor), 2424(intermediate minor), 2410(intermediate minor), 2404 (intermediate minor), 2384(intermediate), 2374(intermediate minor), 2355(intermediate minor), 2344(intermediate minor)

Here is today's market look at the S&P 500 for Friday, July 7, 2017

MSP hasn't had much of a clue to work with as price has been compressed in the overnight.  The 8:30AMEST spike on the Employment Release would lend confidence to the notion of the magenta MSP, so we could be in for a ride starting at market open.  There are two other items of interest today with the EIA Natural Gas Report at 10:30AMEST, and the Baker Hughes Rig Count at 1:00PMEST.

MSP

The technical picture had us break below the 50DMA and rising support connecting the two most recent intermediate pivot marker lows.  The current premarket rally will be important to see where it opens.  If it gaps above the 50DMA and back above rising support and over declining resistance and can maintain, it has a clear shot at least to the next intermediate levels at 2323 if not to the next declining resistance and moving average stack in the upper 2420 to lower 2430 area.  Again, below the intermediate 2403 level and things get slippery all the way down to 2383.  Good luck today and have a great weekend!

Primary and Intermediate Levels