S&P500 Expert Lounge Update –August 25, 2016

Good morning everyone,

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

These are key MA levels:  5EMA 2180, 10DMA 2182, 20DMA 2178, 50DMA 2143

These are key Fib Levels:  2168

These are key primary and intermediate levels:  2180(minor), 2155(minor), 2148(minor)

Here is today's market look at the S&P 500 for Thursday, August 25,  2016

This morning has a couple of big data numbers coming out which could result in some market movement at 8:30AMEST with Jobless Claims and Durable Goods Orders.  Overnight has carved out a range inside of the last 30 minutes of yesterday's regular trading hours.  The 5 and 15 minute cycles are winding down their impulse waves and the 135 has a support cycle at yesterday's lows that coincides with the YM daily, plus the ES 480, and 288 support cycles.  We may be in for a rather dull day as everyone focus their attention to tomorrow and what Mrs. Yellen has to say.  Trade safe.

MSP

Primary and Intermediate Levels