Tuesday, September 29, 2015

SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 9/28/15

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 9/28/15. 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 2134.72 on 5/20/15 and the SPX all-time closing high is 2130.82 on 5/21/15. The intraday low for this year is 1867.01 on 8/24/15. Everybody and his brother are watching this level. The closing low for this year is 1867.61 on 8/25/15.

For Tuesday with the SPX starting at 1882, the bulls need to push above 1929 to regain their mojo. The bears need to push only three points lower, under 1879 to accelerate the downside. A move through 1880-1928 is sideways action for Tuesday.

The high TRIN, low TICK readings at -1200, and high CPC and CPCE put/call ratios all hint that a recovery move is on tap for stocks (see previous charts).

August was a negative month. September began at 1972 and month and quarter end is tomorrow, EOM and EOQ3, respectively, so another negative month may print.

Looking at the big picture the strongest S/R is 1985-1988, 1978, 1973, 1965, 1961, 1951, 1942, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808 and 1803. The 1872-1878 level is a strong gauntlet of supportNote the air pockets between 1872 and 1848 and between 1841 and 1808.

2135 (5/20/15 All-Time Intraday High: 2134.72)
2133 (7/20/15 Intraday High 2132.82)
2131 (5/21/15 All-Time Closing High: 2130.82)
2130 (6/22/15 Intraday High 2129.87)
2129
2128 (7/20/15 Closing High 2128.28)
2126 (4/27/15 Intraday High: 2125.92)
2124 (6/23/15 closing High: 2124.20)
2123
2121 (4/24/15 Intraday High: 2120.92)
2120 (2/25/15 Intraday High: 2119.59)
2118 (4/24/15 Closing High: 2117.69)
2117 (3/2/15 Closing High: 2117.39)
2114
2110
2109
2108
2107
2105
2104
2103
2102
2100
2099
2097
2094 (12/29/14 Intraday High: 2093.55)
2093
2091 (12/29/14 Closing High: 2090.57)
2089
2086
2084
2081
2080
2079 (12/5/14 Intraday High: 2079.47)
2076 (11/28/14 Intraday High: 2075.76)
2075 (12/5/14 Closing High: 2075.37)
2073 (11/26/14 Closing High: 2072.83)
2072
2071 (11/21/14 Intraday High: 2071.46)
2069
2068.09 (150-day MA; the Slope is a Keystone Cyclical Signal)
2067
2065
2063.97 (200-day MA)
2063
2061
2058.90 Trading for 2015 Begins Here
2057.66 (100-day MA)
2057
2056.96 (50-week MA)
2056 (11/18/14 Intraday High: 2056.08)
2053
2050
2049
2046 (11/13/14 Intraday High: 2046.18)
2044.00 (20-week MA)
2043.81 (10-month MA; a major market warning signal)
2043.64 (12-month MA; a Keystone Cyclical Signal) (the cliff)
2041
2040
2038
2034
2032
2030
2024
2023
2021
2019 (9/19/14 Intraday High: 2019.26)
2018
2012.98 (50-day MA)
2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)
2007 (9/5/14 Closing High: 2007.71)
2005 (8/26/14 Intraday High: 2005.04)
2003 (8/29/14 Closing High: 2003.37)
2002
2001
1999
1998
1997
1996.48 (20-month MA)
1995
1993 (1/15/15 Closing Low: 1992.67)
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
1981 (2/2/15 Intraday Low: 1980.90)
1979.64 Previous Week’s High
1979
1978
1976
1973
1972.65 (100-week MA)
1972.18 September Begins Here
1970.57 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
1970
1968 (6/24/14 Intraday Top: 1968.17)
1965
1964
1963 (6/20/14 Closing High: 1962.87)
1961
1958
1956 (6/9/14 Intraday Top: 1955.55)
1951 (6/9/14 Closing High: 1951.27)
1949
1948
1945.73 (20-day MA)
1943
1942
1937
1936
1931
1929.18 Monday HOD
1929
1928
1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)
1920
1917
1912
1910
1908.92 Previous Week’s Low
1906
1902 (5/13/14 Intraday Top: 1902.17)
1901
1897 (5/13/14 Closing High: 1897.45) (4/4/14 Intraday Top: 1897.28)
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
1881.77 Monday Close – Tuesday Starts Here
1880
1879.21 Monday LOD
1879
1878 (3/7/14 Closing High: 1878.04)
1877
1874
1873
1872
1870
1868 (8/25/15 Closing Low for 2015: 1867.61)
1867 (8/24/15 Intraday Low for 2015: 1867.01)
1865
1862
1859
1855
1851 (1/15/14 Intraday Top: 1850.84)
1849 (12/31/13 Intraday High Top for 2013: 1849.44)
1848 (1/15/14 Closing High: 1848.38) (12/31/13 Closing High for 2013: 1848.36)
1846.01 (150-week MA)
1846
1845
1843
1842
1841
1840
1839
1835
1831
1828
1827
1824
1820
1816
1814 (11/29/13 Intraday Top: 1813.55)
1812 (12/9/13 Intraday Top: 1811.52)
1810
1809 (12/9/13 Closing Top: 1808.37)
1808
1807 (11/27/13 Closing Top: 1807.23)
1806
1803
1801
1800
1799 (11/18/13 Intraday Top: 1798.82)
1798 (11/15/13 Closing Top: 1798.18)
1796
1793
1791
1788
1785
1783
1782
1781
1777
1775 (10/30/13 Intraday Top: 1775.22)
1772 (10/29/13 Closing Top: 1771.95)
1770
1768
1763
1762
1759
1756
1752
1748
1747
1745
1740
1737
1733 (10/17/13 and 1018/13 Gap-Up: 1733.15-1736.72)
1730 (9/19/13 Intraday Top: 1729.86)
1726 (9/18/13 Closing Top: 1725.52)
1725.90 (200-week MA)
1722
1720
1711
1710 (8/2/13 Intraday Top: 1709.67)
1709
1708
1706
1703

Note Added 10:01 AM EST: Tuesday trading is underway and the SPX drops to a LOD at 1876.34 and bounces strongly. The 1872-1878 gauntlet of support mentioned above holds, for now. Price has not yet directly tested the 1867 low from August.

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