S&P500 Expert Lounge Update – June 25, 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 Monday, June 25, 2018

Data for today is light but important with New Home Sales at 10:00AMEST, and the Dallas Fed Manufacturing Survey at 1030AMEST.  The technical side of the house has had some downside weakness in the overnight which has us set to open up on broadening support and intermediate minor level in the 2741/42 region.  This area between 2740 and 2730 will be important for buyers go build a larger base if the hope to challenge the primary pivot level back at 2790.  A slip here could easily take a run back at the 100DMA below 2710.  Good luck today!

 

Primary and Intermediate Levels Detail

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