S&P500 Expert Lounge Update –July 19, 2016

Good morning everyone,

These are key timing for today: 11:30AMEST, 3:00AMEST

These are key MA levels:  5EMA 2160, 10DMA 2141, 20DMA 2108, 50DMA 2092

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 Tuesday, 19 July,  2016

It is going to be another light day on the economic data front with only the Red Book at 8:55AMEST.  It appears based off  price behavior that there could be a string of very quiet trading days leading up to the FOMC announcement next week.  In the area of cycles, the daily has put in an unconfirmed 2nd End which will confirm at the end of the ES trading session so long as there isn't a substantial rise in price during the trading day.  This will make for a battleground area for buyers and sellers going forward.  Good luck today and mind the chop.

MSP

Primary and Intermediate Levels