Sunday, November 27, 2016

SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/28/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 11/28/16. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R.

For the S&P 500 in history, the all-time record high print occurs last Friday, 11/25/16, at 2213.35 for both the all-time intraday high and all-time closing highs. The all-time record intraday low is 666.79 (the infamous 666) on 3/6/09 and all-time closing low is 676.53 on 3/9/09.

For 2016, the intraday high and closing high thus far is of course the 2213.35. The intraday low for this year is 1810.10 on 2/11/16 and the closing low thus far this 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 three-week Trump Rally continues resulting in new all-time highs on all four major indexes; SPX; INDU or DJI, COMPQ and RUT. The month ends, EOM, on Wednesday, 11/3016. November began at 2126 so the month will likely print bullish. When stocks are strong through a given month, however, they are typically weak the last couple-few days of the month.

The new moon peaks on 7:18 AM EST Tuesday morning, 11/29/16, and stocks are typically bearish moving through the new moon each month. A Bradley turn date is on Tuesday so a market inflection point is at hand in this 11/22 to 12/6 window and especially 11/23 through 12/2 (now). The inflection may manifest as a wild vertical spike higher, or, a trend change where stocks roll over to the downside. This week will tell the tale.

The CPC and CPCE put/call ratios are complacent looking for a near-term top to print at anytime. Ditto the elevated NYMO. The low VIX also verifies lack of fear in the market. Everyone is drinking central banker wine and toasting Trump for all the money he plans to spend on infrastructure.

The SPX began the year at 2044. The new week begins at 2213, a 169-point gain this year up +8.3%. The central bankers saved the markets in February and the coordinated global money printing creates the multi-month rally. The Trump election victory now creates optimism that money will be spent on infrastructure so commodities, basic materials and industrials stocks soar higher, as well as the bankers. The central bankers and government spending is the market.

For Monday, 11/28/16, with the S&P 500 beginning at 2213, the highest level in history, the bulls need any smidge of green in the S&P futures and the SPX will run higher after the opening bell towards 2220. The bears need to push the SPX under 2205-2206 to create a downside acceleration to 2200 in a flash. A move through 2207-2212 is sideways action for Monday.

Looking at the near-term picture the support/resistance is 2213, 2205, 2198-2199, 2194, 2190, 2187, 2182-2183, 2178-2179, 2175, 2169-2170 and 2164.

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

2220
2213 (11/25/16 All-Time Intraday High: 2213.35) (11/25/16 Intraday High for 2016: 2213.35) (11/25/16 All-Time Closing High: 2213.35) (11/25/16 Closing High for 2016: 2213.35)
2213.35 Previous Week’s High
2213.35 Friday HOD
2213.35 Friday Close – Monday Starts Here
2206.27 Friday LOD
2206
2205
2203
2202
2200
2199
2198
2195
2194 (8/15/16 Intraday High: 2193.81)
2193
2190 (8/15/16 Closing High: 2190.15)
2187
2186.43 Previous Week’s Low
2185
2183
2182
2179
2178
2175
2174
2173
2170
2169
2166
2165
2164
2163
2161.43 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2160.46 (20-week MA)
2160
2159.43 (100-day MA)
2157
2155.60 (20-day MA)
2155
2152
2151.66 (50-day MA)
2151
2150
2146
2140
2135 (5/20/15 Intraday High: 2134.72)
2133 (7/20/15 Intraday High 2132.82)
2131 (5/21/15 Closing High: 2130.82)
2132
2131.90 (150-day MA; the Slope is a Keystone Cyclical Signal)
2130 (6/22/15 Intraday High 2129.87)
2129
2128 (7/20/15 Closing High: 2128.28)
2126.15 November Begins Here
2126 (4/27/15 Intraday High: 2125.92)
2024.58 (150-week MA)
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)
2115
2114
2113
2111 (4/20/16 Intraday High: 2111.04)
2110.54 (10-month MA)
2110 (11/3/15 Closing High; 2109.79)
2109
2108
2107
2105
2104 (12/2/15 Intraday High: 2104.27)
2103.39 (200-day MA)
2103 (12/2/15 Closing High: 2102.63)
2102 (4/20/16 Intraday High: 2102.40)
2100
2099
2097
2094 (12/29/14 Intraday High: 2093.55)
2091 (12/29/14 Closing High: 2090.57)
2090.80 (12-month MA; a Keystone Cyclical Signal) (the cliff)
2089
2086
2084
2083
2081
2079 (12/5/14 Intraday High: 2079.47)
2076.75 (50-week MA)
2076 (11/28/14 Intraday High: 2075.76)
2075.07 (20-month MA)
2075 (12/5/14 Closing High: 2075.37)
2074
2073 (11/26/14 Closing High: 2072.83)
2072
2071 (11/21/14 Intraday High: 2071.46)
2069.38 (100-week MA)
2069
2067
2065
2064
2063
2061
2057
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)
2043.94 Trading for 2016 Begins Here
2042
2040
2038
2034
2032
2030
2023
2022
2019 (9/19/14 Intraday High: 2019.26)
2017
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
1998
1997
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)
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
1937
1936
1935.01 (200-week MA)
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)
1901.68 (50-month MA)
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
1803
1801
1800

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