Good morning everyone,
These are key timing for today: N/A
These are key MA levels: 5EMA 2170, 10DMA 2170, 20DMA 2167, 50DMA 2121
These are key Fib Levels: 2191, 2171
These are key primary and intermediate levels: 2130(minor), 2126(primary major), 2116(major)
Here is today's market look at the S&P 500 for Monday, August 8, 2016
The overnight started a new rally leg but has since fallen back to near the closing prices of friday's session. The only piece of economic data is at the 10:00AMEST hour with the Labor Market Conditions Index. We have a 2nd End and a new support cycle on the 15min cycle chart that will define the range for today so keep an eye on that for directional clues on a break of either of those. Good luck today.