S&P500 Expert Lounge Update – June 22, 2016

Good morning everyone,

These are key timing for today:  11:30AMEST, 1:30PMEST

These are key MA levels:  5EMA 2082, 10SMA 2084, 20SMA 2094, 50SMA 2080

These are key Fib Levels: 2073, 2116

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

Not a whole lot to discuss with regards to overnight price action as all we've done is retrace the same area over and over again.  A couple noteworthy Economic items on the docket today with Existing Home Sales at 10:00AMEST, and EIA Petroleum Status at 10:30AMEST.  We have defined a range between 2094 and 2080 on the S&P and until that range breaks there is nothing in the way of useful information that can be gleaned from price action.   There will likely be more of the same until Thursday evening when the Brexit, or Bremain, or whatever cute hollywood couple name blending the media decides to give it is finalized.  Cash is a position too.  Enjoy your day.

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

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