Good morning everyone,
These are key timing for today: 10:00AMEST, 2:30PMEST
These are key MA levels: 5EMA 2325, 10DMA 2307, 20DMA 2293 50DMA 2274, 100DMA 2215, 200DMA 2172
These are key Fib Levels: 2338, 2322, 2213
These are key primary and intermediate: 2275(intermediate minor), 2254(intermediate minor)
Here is today's market look at the S&P 500 for Wednesday, February 15, 2017
With red, magenta and white all viable MSP options up to this point 10:00AMEST timing will be important discerning which is the most probable. We have a health dose of economic reality today with the Consumer Price Index, Retail Sales and Empire State Manufacturing Survey at 8:30AMEST, Industrial Production at 9:15AMEST, Atlata Fed Business Inflation Expectations, Business Inventories, and Housing Market Index at 10:00AMEST, and lastly the EIA Petroleum Status Report at 10:30AMEST.
The technical picture still continues its relentless climb higher maintaining the most extreme of rising support and successfully backtesting broadening resistance. On a break of the extreme rising support, another test of broadening support would be expected at the very least. Good luck today.