SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 3/21/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 3/21/16. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R. For 2016, the intraday high for the year is 2052.36 on 3/18/16 and the closing high for the year is 2049.58 on 3/18/16. The SPX is positive on the year.

For 2016, the intraday low for the year is 1810.10 on 8/11/16 and the closing low thus far for the year is 1829.08. The intraday low in 2015 was 1867.01 on 8/24/15 and intrayear closing low for 2015 is 1867.61 on 8/25/15.

For Monday, 3/21/16, with the SPX starting at 2050, the bulls need two points higher to punch up through 2052 and the upside will accelerate towards 2060 in a flash. The bears need to push the S&P 500 under 2041 to create a downside acceleration into the mid 2030’s in a heartbeat. A move through 2042-2051 is sideways action to begin the week.

The SPX is above the important 12-month MA at 2031 indicating a cyclical (weeks and months) bull market ahead. Bears need to push the SPX under 2031 as soon as possible or they are toast. The CPC and CPCE put/call ratios are at uber lows verifying market complacency and a near-term market top. Traders were drinking Fed wine on Friday and buying stocks with reckless abandon not even concerned about what they were buying. The put/calls indicate that a quick drop in the SPX of 30 to 100 handles is a reasonable expectation in the coming days.

The SPX also moves above the starting year number at 2044 and is positive on the year. The bulls face strong overhead resistance at 2061 and if they can punch up through 2067 would be targeted next after a brief give and take at 2064.

On the bear side, failure at 2038-2041 will send price sharply down to 2031-2033. This back test lower to the 12-month MA at 2031 is extremely critical since price will either bounce or die from 2031-2033 and the direction will result in serious ramifications with one side winning big and the other losing big. A failure would result in a very quick and ugly outcome with price collapsing to 2017-2023 in a flash, then 2011 then 2002.

Looking at the near-term picture the strongest S/R is 2079, 2071, 2067, 2061, 2046, 2038-2040, 2032-2033, 2023, 2019, 2011, 2002, 1997, 1993 and 1985-1988.

Note: If the list below displays any blank spaces, view it in a different browser.

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

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

2083

2081

2080

2079 (12/5/14 Intraday High: 2079.47)

2077

2076 (11/28/14 Intraday High: 2075.76)

2075 (12/5/14 Closing High: 2075.37)

2073 (11/26/14 Closing High: 2072.83)

2071 (11/21/14 Intraday High: 2071.46)

2069

2067

2065

2064

2063

2061

2057

2056 (11/18/14 Intraday High: 2056.08)

2053

2052.36 Previous Week’s High

2052.36 Friday HOD

2052 (3/18/16 Intraday High for 2016: 2052.36)

2050 (3/18/16 Closing High for 2016: 2049.58)

2049.58 Friday Close – Monday Starts Here

2046 (11/13/14 Intraday High: 2046.18)

2044 (12/31/15 Closing High: 2043.94)

2044

2043.94 Trading for 2016 Begins Here

2042

2041.16 Friday LOD

2040

2038

2034

2033.27 (20-month MA)

2032.92 (50-week MA)

2032

2031.48 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2030

2023

2022

2019 (9/19/14 Intraday High: 2019.26)

2018.49 (10-month MA)

2017.86 (200-day MA)

2017

2015.60 (100-week MA)

2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)

2007 (9/5/14 Closing High: 2007.71)

2005.23 Previous Week’s Low

2005 (8/26/14 Intraday High: 2005.04)

2003 (8/29/14 Closing High: 2003.37)

2002

1998.33 (100-day MA)

1998

1997

1995

1993 (1/15/15 Closing Low: 1992.67)

1992.40 (20-week MA)

1992.28 (150-day MA; the Slope is a Keystone Cyclical Signal)

1991 (7/24/14 Intraday Top: 1991.39)

1988 (7/24/14 Closing High: 1987.98)

1987

1986.09 (20-day MA)

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)

1980

1979

1978

1977

1974.78 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1973

1970

1969

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

1943

1942

1937

1936

1932.31 (50-day MA)

1932.23 March Begins Here

1931

1928

1925.93 (150-week MA)

1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)

1920

1917

1914

1912

1910

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

1879

1878 (3/7/14 Closing High: 1878.04)

1877

1874

1873

1872

1870

1868 (8/25/15 Closing Low: 1867.61)

1867 (8/24/15 Intraday Low: 1867.01)

1865

1862

1859 (1/20/16 Closing Low: 1859.33)

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

1845

1843

1841

1840

1839

1835

1831

1829 (2/11/16 Closing Low for 2016: 1829.08)

1828

1827

1824

1820

1816

1814 (11/29/13 Intraday Top: 1813.55)

1812 (12/9/13 Intraday Top: 1811.52) (1/20/16 Intraday Low: 1812.29)

1810 (2/11/16 Intraday Low for 2016: 1810.10)

1809 (12/9/13 Closing Top: 1808.37)

1808

1807 (11/27/13 Closing Top: 1807.23)

1806

1805.85 (200-week MA)

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

1780.63 (50-month MA)

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