Good morning everyone,
These are key timing for today: 9:45AMEST, 1:30PMEST
These are key MA levels: 5EMA 2050, 10SMA 2056, 20SMA 2064, 50SMA 2061, 200SMA 2008
These are key primary and intermediate levels: 2020(minor) 2021(minor primary) 2040(minor) 2060(minor), 2072(major),
Here is today's market look at the S&P 500 for Friday, May 20th, 2016
After bouncing cleanly off symmetry at yesterday's low of the day the market has sustained a significant rally and has held through the overnight. We have Existing Home Sales as our one significant data point today at 10:00AMEST which coincides with MSP timing. In the cycles we currently have a Bullish Retrace on the 15min that has served as support through the overnight session and a 2nd End on the 60min chart that should provide overhead resistance. Happy Friday and enjoy your weekend!