S&P500 Expert Lounge Update – June 20, 2016

Good morning everyone,

These are key timing for today:  9:30AMEST, 1:00PMEST

These are key MA levels:  5EMA 2076, 10SMA 2090, 20SMA 2093, 50SMA 2080

These are key Fib Levels: 2096, 2116, 2062

These are key primary and intermediate levels:  2059(minor), 2073(major), 2086(major), 2099(minor), 2116(major)

Here is today's market look at the S&P 500 for Monday, June 20, 2016

Polls for whether the UK would exit the EU dominated the weekend discussion and is being reflected in price this morning as the futures are indicating that the S&P will open up over 1%.  RVS has shaved off the majority of its long holdings but still has a couple remaining contracts which hints that the upside may not be entirely done, but the risks of it being so have increased considerably.  There is nothing of note on the economic front for market moving material this trading session so popup headlines regarding the referendum vote could catch may participants by surprise.  Good luck today.  We have a BR on the 288 cycle chart and short term cycles are beginning to break support so short term weakness shouldn't be surprising.  Good luck today.

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

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