S&P500 Expert Lounge Update – May 24, 2016

Good morning everyone,

These are key timing for today:  11:00AMEST,  1:30PMEST

These are key MA levels:  5EMA 2049, 10SMA 2053, 20SMA 2062, 50SMA 2061

These are key primary and intermediate levels:   2040(minor) 2060(minor), 2072(major),

Here is today's market look at the S&P 500 for  Tuesday, May 24th, 2016

We have two data points, New Home Sales and Richmond Industrial Fed Survey, at 10:00AMEST which is near timing for today so that hour window will be important as to which MSP we will follow into the afternoon.  Support held on both the 135 and 60min charts and a new support cycle triggered on the 288 chart in the overnight.  A break above the two day range targets the 2070's.  Trade safe and have a good day.

MSP

MSP

Primary and Intermediate Levels

Primary and Intermediate Levels

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply