Road Map for SPX S/R for 2/14/11

For 2/14/11, market bulls are happy if SPX stays above 1325.34, bears will be happy under 1325.34.  If Friday's high of day, HOD, is taken out, or low of day, LOD, the move will accelerate in that direction a few more handles.  Thus, bears need to move down to 1316 to even begin any strong negativity.

As the previous charts show, we are testing the 2006 resistance areas so if there was a time for a reversal in the indexes the time would be now.  In addition, a major Bradley turn is forecasted for this week which requires attention for some wild action in the markets.  A three day holiday weekend is coming so you would typically expect this coming Thursday and Friday to be buoyant and taking it one step further, perhaps some weakness early to mid week prior to any late week buoyancy.

The bulls remain in control for now and their goal is to bust up thru 1331 tomorrow.  Bears need to get the SPX under 1325 tomorrow and move it toward 1316. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

·         1400

·         1377

·         1360

·         1350

·         1331; 1330.79

HOD Friday 1330.79

Now at 1329.15

·         1329; 1329.15

·         1325-1326; 1325.76; 1324.57; 1324.87; 1324.54
Pivot Point for Monday 2/14/11 Only:  1325.34

·         1322-1323; 1322.85; 1322.48; 1321.87; 1322.78

·         1321; 1320.88;

·         1318-1319; 1318.76; 1319.05; 1318.66; 1318.13

LOD Friday 1316.08

·         1315-1316; August 2008; 1316.03; 1314.89; 1316.08

·         1312; 1311.85; 1311.74

·         1311; 1310.87; 1311.00

·         1309; 1308.86; 1308.60

·         1307-1308; 1307.59; 1307.61; 1307.10; 1307.01

·         1306; 1305.91

·         1304; 1304.03

·         1303; 1302.67; 1302.62; 1302.77

·         1302; 1301.67

·         1300; 1299.63; 1299.54

·         1298; 1297.51

·         1296; 1296.06