Monday, November 10, 2014

SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/10/14

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 11/10/14. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R. The SPX all-time intraday high is 2034.26 on 11/7/14 and the SPX all-time closing high is 2031.92 on 11/7/14.

For Monday with the SPX starting at the all-time closing high at 2032, the bulls only need two points of upside to print above 2034 and an upside acceleration will occur after the opening bell. The market bears need to push under 2025 to accelerate the downside. A move through 2026-2033 is sideways action to begin the week.

The parabolic move higher in stocks continues fueled by the global central banker collusion. The bullish seasonality factors such as the third year of the presidential cycle and years ending in ‘5’ are encouraging the bulls to chase prices higher. Over the last week, the markets were hit with the BOJ QE shock and awe, mid-term elections, ECB rate decision and Monthly Jobs Report all resulting in an ever-increasing stock market.

The 2024 level is very strong support so a back kiss to this level would be expected going forward. November begins at 2018 so this important level will likely be explored as the month plays out.

2034.26 Previous Week’s High
2034.26 Friday HOD
2034 (11/7/14 All-Time Intraday High: 2034.26) (11/7/14 Intraday High for 2014: 2034.26)
2032 (11/7/14 All-Time Closing High: 2031.92) (11/7/14 Closing High for 2014: 2031.92)
2031.92 Friday Close – Monday Starts Here
2031
2025.07 Friday LOD
2025
2024
2023
2019 (9/19/14 Intraday High: 2019.26)
2018.05 November Begins Here
2018
2016
2014
2012
2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)
2010
2009
2007 (9/5/14 Closing High: 2007.71)
2006
2005 (8/26/14 Intraday High: 2005.04)
2004
2003 (8/29/14 Closing High: 2003.37)
2002
2001.01 Previous Week’s Low
2001
1999
1998
1997
1995
1993
1991 (7/24/14 Intraday Top: 1991.39)
1988 (7/24/14 Closing High: 1987.98)
1986 (7/3/14 Intraday Top: 1985.59)
1985 (7/3/14 Closing High: 1985.44)
1983
1982
1980
1978
1976
1973.78 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
1973
1971.80 (20-week MA)
1970.70 (50-day MA)
1970
1968.05 (100-day MA)
1968 (6/24/14 Intraday Top: 1968.17)
1965
1964
1963 (6/20/14 Closing High: 1962.87)
1962
1961
1960
1958
1956 (6/9/14 Intraday Top: 1955.55)
1955.53 (20-day MA)
1951 (6/9/14 Closing High: 1951.27)
1949
1947
1945.58 (10-month MA; a major market warning signal)
1943.20(150-day MA; the Slope is a Keystone Cyclical Signal)
1942
1940
1937
1936
1931
1928
1925
1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)
1923.90 (12-month MA; a Keystone Cyclical Signal) (the cliff)
1920
1917.19 (200-day MA; not tested for 22 months extremely odd behavior)
1917
1912
1910
1906
1902 (5/13/14 Intraday Top: 1902.17)
1901.22 (50-week MA)
1901
1897 (5/13/14 Closing High: 1897.45) (4/4/14 Intraday Top: 1897.28)
1894
1891 (4/2/14 Closing High: 1890.90)
1889
1886
1885
1884 (3/21/14 Intraday Top: 1883.97) (3/7/14 Intraday Top: 1883.57)
1882
1880
1879
1878 (3/7/14 Closing High: 1878.04)
1877
1874
1873
1872
1871
1868
1867
1865
1862
1859
1855
1853
1852
1851 (1/15/14 Intraday Top: 1850.84)
1849 (12/31/13 Intraday High Top for 2013: 1849.44)
1848.36 Trading for 2014 Begins Here
1848 (1/15/14 Closing High: 1848.38) (12/31/13 Closing High for 2013: 1848.36)
1846
1845
1843
1842
1841
1840
1839
1838
1837

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