SPX Support, Resistance (S/R), Moving Averages and Other Key Levels for Trading the Week of 4/25/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 4/25/16. 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 2111.05 on 4/20/16 and the closing high for the year is 2102.40 on 4/20/16. 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 on 2/11/16. The intraday low in 2015 was 1867.01 on 8/24/15 and intrayear closing low for 2015 was 1867.61 on 8/25/15.

The SPX has exploded higher over the last month due to the central banker intervention especially the ECB and Federal Reserve. The highs for the year thus far printed last Wednesday. The SPX topped at the 2110-2114 resistance area and then retreated. Note how price got tangled up in the closing and intraday highs from last November and last December and did not have the energy to move up through, at this time. Pay close attention to that 2116.48 number going forward; if this is taken out, say the 2110-2116 resistance zone, then price will likely seek 2125-2135.

The SPX begins Tuesday at 2088. The bulls need to push up through 2089, which is strong price resistance, only one point higher, to create and upside acceleration. This appears on tap with S&P futures up +3. The bears need to push below 2078 to accelerate the downside. A move through 2079-2088 is sideways action for Tuesday.

If the bulls push up through 2089 then the 2093-2094 resistance test is next. The 2099 R is above that then 2102-2103. The 2102 is the closing high of the year and last December's high. Price remains elevated so the SPX will need to return lower for back tests of the moving averages. The golden cross (50-day MA up through 200-day MA) occurs yesterday a bullish signal for the weeks and months ahead, however, in the near-term, price typically retreats once the golden cross occurs. The golden cross failed in late December-early January so the SPX is giving it another go.

The bears need to push under the 2078-2084 gauntlet of support to make headway lower. Price would then seek 2074 in quick order for a bounce or die decision. If that fails, then 2071 S and 2067 S are next. April began at 2060. If the bears want a negative month to occur, they better get busy and dump another 30 S&P handles to push under the 2060. Friday is EOM with only four days of trading remaining.

The SPX was testing the important 12-month MA at 2030 one month ago and the bulls won. That price move results in the sideways to sideways higher move in stocks afterwards. The 20-day MA is 2072 and rising and will need a back kiss in the days ahead. The FOMC rate decision is tomorrow afternoon, 4/27/16. No one expects the Fed to hike rates. The BOJ provides its policy meeting decision on Thursday morning so trading will prove very interesting over the remainder of the week.

Looking at the near-term picture the strongest S/R is 2110-2114, 2102-2103, 2099, 2093-2094, 2089, 2079-2084, 2071, 2067, 2061, 2057, 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)

2116 (11/3/15 Intraday High: 2116.48)

2114

2111.05 Previous Week’s High

2111 (4/20/16 Intraday High for 2016: 2111.05)

2110 (11/3/15 Closing High; 2109.79)

2109

2104 (12/2/15 Intraday High: 2104.27)

2103 (12/2/15 Closing High: 2102.63)

2102 (4/20/16 Closing High for 2016: 2102.40)

2100

2099

2097

2094 (12/29/14 Intraday High: 2093.55)

2093

2091 (12/29/14 Closing High: 2090.57)

2089.37 Monday HOD

2089

2088

2087.79 Monday Close – Tuesday Starts Here

2086

2084

2083

2081

2080

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

2077.52 Monday LOD

2077

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

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

2074

2073.65 Previous Week’s Low

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

2072

2071.85 (20-day MA)

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

2069

2067

2065

2064

2063

2061

2059.74 April Begins Here

2057

2056.37 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

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

2053

2052

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

2038.00 (20-month MA)

2034

2032.52 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2032

2030

2028.28 (50-week MA)

2026.52 (100-week MA)

2023

2022

2021.98 (10-month MA)

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

2017.85 (50-day MA)

2017

2014.85 (200-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)

2006.86 (150-day MA; the Slope is a Keystone Cyclical Signal)

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

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

2002

1998

1997

1995

1994.73 (100-day MA)

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

1992.94 (20-week MA)

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

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

1943.03 (150-week MA)

1943

1942

1937

1936

1931

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)

1828.13 (200-week MA)

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

1803

1801

1800

1799 (11/18/13 Intraday Top: 1798.82)

1798 (11/15/13 Closing Top: 1798.18)

1796

1795.27 (50-month MA)

1793

1791

1788

1785

1783

1782

1781

1777