Good morning everyone,
These are key MA levels: 5EMA 2774, 10DMA 2776, 20DMA 2751, 50DMA 2708, 100DMA 2706, 200DMA 2658
These are key Fib Levels: 2779
Here is today's market look at the S&P 500 for Wednesday, June 20, 2018
We have a couple items of interest to start the session with Existing Home Sales at 10:00AMEST and Crude Oil Inventories at 10:30AMEST. The technical side of the house saw us bottom out yesterday on rising support and the intermediate minor level at 2742 and rally for the rest of the session. The next target for buyers will be to challenge the 5DEMA and 10DMA along with declining resistance at 2770. Sellers will be looking to take another run at the 20DMA and rising support. The in between of these two boundaries is a dead zone best left untouched. Good luck today!