Keystone's SPX S/R Big Picture

The week starts at SPX 1279.21.  If the SPX ticks above the pivot at 1281.42, the market bulls are assuming command.  If the SPX is below the pivot, then the bears are growling.  If the SPX moves above 1288.88 tomorrow, then the buying will accelerate.  Conversely, if the SPX falls below 1279.21, then the selling will accelerate.

·         1344

·         1341

·         1338

·         1332-1333

·         1331

·         1329

·         1325-1326

·         1322-1323

·         1320-1321

·         1318-1319

·         1315-1316

·         1312

·         1311

·         1307-1308

·         1305-1306

·         1303

·         1300

·         1294-1295

·         1291

HOD Friday 1288.88

·         1286-1287

Pivot Point for 3-21-11 Only:  1281.42

LOD Friday 1279.21

·         1276- 1277

·         1274-1275

·         1270

·         1262-1263

·         1261

·         1258.5-1259.0

·         1257-1258

·         1251.70 (9/14/08 pre-LEH bk)