SPX S/R for Week of 5-23-11

For Monday's session, the SPX begins at 1333.  If the SPX moves above 1342, the buying will accelerate.  If the SPX loses the 1330.67 level, less than three points away from the current level, the market bears will increase the selling pressure and target lower support numbers. SPX support and resistance to start the week is 1344, 1342, 1341, 1339, 1337, 1336, 1333, 1331, 1329, 1325 and 1318.

·         1365

·         1360-1361

·         1357-1358

·         1354

·         1349

·         1343-1344

·         Friday HOD 1342.00

·         1341

·         1338-1339

·         1337

·         1335-1336

·         1331-1333

·         Friday LOD 1330.67

·         1329

·         1325-1327

·         1318-1323 (watch 1318.51 closely)

·         1314-1316

·         1312

·         1305-1308

·         1298-1301

·         1294-1295