Good morning everyone,
These are key MA levels: 5EMA 2885, 10DMA 2889, 20DMA 2880, 50DMA 2840, 100DMA 2780, 200DMA 2742
These are key Fib Levels: 2929, 2896, 2859
Here is today's market look at the S&P 500 for Friday, September 14, 2018
Happy Friday Everyone! Remaining data for the day consist of Industrial Production at 9:15AMEST, Business Inventories and Consumer Sentiment at 10:00AMEST, and the Baker Hughes Rig Count at 1:00PMEST. Yesterday's price move courtesy of the buyers produced enough to generate a new intermediate pivot marker and intermediate minor level at 2910. Overnight price action has been positive and we currently look set to open near yesterday's highs. Buyers will be looking to go after the all time highs again but will first need to push through the intermediate pivot marker just over head at 2910. Sellers first order of business is to push price down through near term rising support that is currently cutting through the upper 2890's and then to attack the moving average cluster and next rising support in around the 2885 zone. Good luck today and have a great weekend!