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.
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!