S&P500 Expert Lounge Update –July 22, 2016

Good morning everyone,

These are key timing for today: 9:00AMEST, 12:30PMEST

These are key MA levels:  5EMA 2168, 10DMA 2160, 20DMA 2122, 50DMA 2098

These are key Fib Levels:  2179, 2169, 2150, 2138

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 Friday, 22 July,  2016

HAL book roughly a quarter of its position with yesterday's weakness and today looks set to be the same after some strength into timing at 9:00AMEST.  There are a couple data points for this session with PMI Manufacturing Index at 9:45AMEST, and the Baker-Hughes Rig count near afternoon timing at 1:00PMEST for all of you oil buffs.  The ATH's are key still with the daily 2nd End located there while the 288 chart has a support cycle that triggered at the lows of yesterdays cash session.  That will define the range and give clues as to what direction the market will likely want to take in the near term.  Everyone here at MCM hopes you have a great weekend, and trade safe today.

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply