S&P500 Expert Lounge Update –July 18, 2016

Good morning everyone,

These are key timing for today: 9:45AMEST, 1:30AMEST

These are key MA levels:  5EMA 2157, 10DMA 2134, 20DMA 2104, 50DMA 2090

These are key Fib Levels:  2196, 2170, 2152, 2141

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, July 18th,  2016

I hope everyone had an exceptional weekend.  Today is a very light data day with the Housing Market Index to be released at 10:00AMEST which is on the far end of timing point number [2].  Surprisingly an attempted coup over the weekend in Turkey has produced virtually no real market turmoil with regards to the overnight session.  The shorter cycles up to the 60min have all completed 3rd ends and the longer term cycles are working on finalizing impulses most recently with the 135 putting in a 2nd end.  MSP is looking favorable for a weak session.  Ultimately, anything between 2174 and 2155 shouldn't be read into too much as it is just more trading range chop.  Good luck today!

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levles

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply