S&P500 Expert Lounge Update – June 6, 2016

Good morning everyone,

These are key timing for today:  9:30AMEST, 2:00PMEST

These are key MA levels:  5EMA 2101, 10SMA 2096, 20SMA 2076, 50SMA 2073

These are key Fib Levels: 2119, 2067

These are key primary and intermediate levels:   2086(major), 2099(minor), 2115(major)

Here is today's market look at the S&P 500 for Monday, June 6, 2016

With no market moving data on tap for today, all focus is on the MSP timing.  A new cycle End has shown up on the 480 chart in the overnight which coincides with both daily and weekly cycle levels and should provide significant overhead resistance going forward.  The RSI cycles are nearing a 3rd end completion so some back and fill would not be surprising at this juncture.  Longer Term MSP also supports some weakness in the near term picture as well.  Welcome to the week and trade safe.

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

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