S&P500 Expert Lounge Update – September 6, 2018

Good morning everyone,

These are key MA levels:  5EMA 2900, 10DMA 2888,  20DMA 2866, 50DMA 2720, 100DMA 268, 200DMA 2733

These are key Fib Levels: 2929, 2853, 2841

Here is today's market look at the S&P 500 for Thursday, September 6, 2018

There's a decent amount of data today with Jobless Claims and Productivity and Costs at 8:30AMEST, PMI Services Index at 9:45AMEST, Factory Orders and ISM Non Manufacturing Index at 10:00AMEST, The EIA Natural Gas Report at 10:30AMEST, and the EIA Petroleum Status Report at 11:00AMEST.  The market pushed itself into the corner of a decision zone going into yesterday's close so we should see who has the upper hand going through today's session as both declining resistance and rising support will cross paths before today's session is out.  A break of either could produce a solid move in that direction so be flexible today with you positions.  Good luck!

Primary and Intermediate Levels Detail

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