S&P500 Expert Lounge Update – June 21, 2018

Good morning everyone,

These are key MA levels:  5EMA 2773, 10DMA 2775,  20DMA 2753, 50DMA 2710, 100DMA 2705, 200DMA 2660

These are key Fib Levels:   2779

Here is today's market look at the S&P 500 for Thursday, June 21, 2018

We have a couple items of note today with the Bloomberg Consumer Comfort Index at 9:45AMEST, Leading Indicators at 10:00AMEST, and the EIA Natural Gas Report at 10:30AMEST.  Buyers made an attempt to break out of the consolidation yesterday with a minor breach of declining resistance but failed to reclaim the 10DMA.  The market is set to open marginally lower at present and buyers will be looking to put a floor under price at the intermediate minor level at 2761.  The near term target for them is the primary minor level at 2779 and then an attempt at the primary and intermediate pivot up at 2790.  Good luck today!

Primary and Intermediate Levels Detail

2018

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