Monday, March 28, 2016

SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 3/28/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 3/29/16. 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 2056.60 on 3/22/16 and the closing high for the year is 2051.60 on 3/21/16. The SPX begins the week at 2036 negative on the year by eight points.

For 2016, the intraday low for the year is 1810.10 on 2/11/16 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, 3/28/16, with the SPX starting at 2036, the bulls need any smidge of green in the S&P futures and the SPX will accelerate higher to 2040 in a flash for a bounce or die decision. S&P futures are +3 about one-half hour before the opening bell. The bears need to push the S&P 500 under 2021-2023 to create a downside acceleration to 2011. A move through 2023-2035 is sideways action to begin the week.

The SPX keeps testing the critically important 12-month MA at 2030. If 2030 fails, price will likely collapse to 2022. Bulls are fine as long as they keep the S&P 500 above 2030. A failure of the 12-month MA at 2030 will create serious market negativity. The SPX is above the 12-month by six points signalling a cyclical bull market ahead but this battle will likely continue this week.

The bulls face strong overhead resistance at 2040, 2046 and 2061. Bears will try to violate the strong support level below at 2032 then the strong gauntlet of support at 2017-2023. If 2017 fails, 2011 is likely and then 2002.

Looking at the near-term picture the strongest S/R is 2079, 2071, 2067, 2061, 2046, 2038-2040, 2032, 2017-2023, 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 (3/22/16 Intraday High for 2016: 2056.60)
2056.60 Previous Week’s High
2056 (11/18/14 Intraday High: 2056.08)
2053
2052 (3/21/16 Closing High for 2016: 2051.60)
2050
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
2040
2038
2036.04 Friday HOD
2035.94 Friday Close – Monday Starts Here
2034
2032.59 (20-month MA)
2032
2031.59 (50-week MA)
2030.35 (12-month MA; a Keystone Cyclical Signal) (the cliff)
2030
2023
2022.49 Friday LOD
2022.49 Previous Week’s Low
2022
2019 (9/19/14 Intraday High: 2019.26)
2017.33 (100-week MA)
2017.13 (10-month MA)
2017
2016.99 (200-day MA)
2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)
2007.38 (20-day MA)
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
1998
1997
1996.90 (100-day MA)
1995
1993 (1/15/15 Closing Low: 1992.67)
1991.26 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
1991 (7/24/14 Intraday Top: 1991.39)
1990.97 (150-day MA; the Slope is a Keystone Cyclical Signal)
1989.24 (20-week MA)
1988 (7/24/14 Closing High: 1987.98)
1987
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
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
1941.24 (50-day MA)
1937
1936
1932.23 March Begins Here
1931
1928.61 (150-week MA)
1928
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)
1809.44 (200-week MA)
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

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