Good morning everyone,
These are key MA levels: 5EMA 2833, 10DMA 2840, 20DMA 2828, 50DMA 2789, 100DMA 2733, 200DMA 2712
These are key Fib Levels: 2929, 2832, 2799
Here is today's market look at the S&P 500 for Thursday, August 16, 2018
Most of today's data will be prior to the session open and consists of Housing Starts, Jobless Claims, and the Philadelphia Fed Business Outlook Survey at 8:30AMEST followed by the EIA Natural Gas Report at 10:30AMEST. Yesterday saw us bottom early in the session after hitting the primary minor level at 2803 and we are currently set to open up at declining resistance and near the 5DEMA, and the 10DMA in the lower 2830's. Sellers will be looking to hold the morning gap up in this vicinity in an attempt to make a run at the intermediate major level at 2793 and the 50DMA. Good luck today!