Good morning everyone,
These are key timing for today: 2:00PMEST
These are key MA levels: 5EMA 2096, 10SMA 2079, 20SMA 2068, 50SMA 2069
These are key Fib Levels: 2083
These are key primary and intermediate levels: 2072(major), 2086(major), 2099(minor)
Here is today's market look at the S&P 500 for Wednesday, June 1, 2016
Lots of movement in the overnight, but no progress made in either direction. The data docket is chocked full today with PMI Manufacturing at 9:45AMEST, ISM Manufacturing at 10:00AMEST, Construction Spending at 10:00AMEST, and the Beige Book at 2:00PMEST. The Beige Book coincides with timing which increases the potential of a market turn point. There are a couple new bullish LRE's on the 135 chart and a freshly printed support cycle on the 288 and an End on the 60min chart. Finally the daily chart printed an End yesterday signaling the potential of a top at 2112 SPX. Good luck today and trade safe.