S&P500 Expert Lounge Update –August 8, 2016

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.

Primary and Intermediate Levels

Primary and Intermediate Levels

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