Keystone's SPX S/R for 7-11-11

The new week begins with the 1360 gap remaining open. The Friday range for SPX was 20 points. Monday session should be sideways thru this 1334 to 1351 range. If the bulls can punch up thru the Friday high at 1352.39, the move will accelerate higher to test 1357, and perhaps fill the 1360 gap. If the bears can get under 1334 tomorrow, the selling will accelerate to the down side testing support at 1331, 1329 and 1326. 

·        1370

·        1368

·        1365

·        1360 (gap fill needed)

·        1357

·        1354

·        Friday HOD 1352.39

·        1349

·        1347

·        1344

·        1341

·        1337

·        Friday LOD 1333.71

·        1333

·        1331

·        1329

·        1326

·        1323

·        1321

·        1319

·        1316

·        1314