S&P500 Expert Lounge Update – March 19, 2018

Good morning everyone,

These are key MA levels:  5EMA 2751, 10DMA 2750,  20DMA 2735, 50DMA 2748, 100DMA 2691, 200DMA 2585

These are key Fib Levels:   2905, 2807, 2643, 2617, 2450

These are key primary and intermediate levels: 2871(primary minor), 2817(intermediate minor), 2779(primary minor), 2765(intermediate minor), 2651(primary minor), 2577(intermediate minor), 2563(intermediate minor)

Here is today's market look at the S&P 500 for  Monday, March 19, 2018

Today the market is spared from the economist with no releases to speak of.  We are set to open markedly lower this morning down near the 20DMA below 2740.  Reasonably decent support should come into play at the 2727 intermediate minor level and broadening support which price has been sliding down the past few days.  A breach of that most likely takes us back below 2700 and to the next lower intermediate level with the 100DMA.  Overhead we have both a primary and intermediate pivot marker in play along with declining resistance and primary and intermediate levels all clustered just above 2780.  Between the two is a range racing paradise.  Good luck today!

Primary and Intermediate Levels Detail

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