S&P500 Expert Lounge Update – April 28, 2016

Good morning everyone.  Apparently 'unchanged' has two entirely different meanings in English and Japanese.

These are key timing for today: 8:30AM and 1:00PM

These are key MA levels as of previous day close:  20SMA - 2075

These are key primary and intermediate levels:  2060(minor), 2071, 2085, 2099(minor)

Here is today's premarket look at the S&P 500 for  Thursday, April 2, 2016,

While the BOJ and the FED did the same exact thing, they were not created equal in the eyes of the market.  We've picked up a new support cycle on the 135min chart which is currently marking the over night lows at the S&P 2076 equivalent level.  There are potential market moving events this morning on the data docket with Personal Income and Outlays at 8:30am which coincides with MSP timing, Chicago PMI at 9:45am, and Consumer Sentiment at 10:00am to be mindful of.  Trade safe and have a good day.

2016-04-28_1-47-07_intradayMSP mSPXLevelsDetail

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