SPX S/R 9-1-11

SPX support and resistance is shown below. 1213 and 1210 now serving as support. For today, bulls need a move to 1231 to prove they got game while the bears need to move down to 1209 to accelerate the selling. A move thru 1210-1230 is sideways slop.

SPX now printing 1216, thus, the move above 1219, or below 1210, will carry a lot of clout today since these are key resistance and support levels, respectively.

·        1262

·        1259

·        1258 (1257.64 is the starting number for 2011)

·        1257 (3/16/11)

·        1252 (9/14/08 pre-LEH bk)

·        1249 (LOD 3/16/11; failure at this level 8/4/11)

·        1247

·        1242

·        1235 (12/15/10; also HOD 12/7/10 large volume)

·        1233 (LOD 12/16/10)

·        1227 (HOD 11/9/10)

·        1226 (11/5/11)

·        1225

·        1224 (12/7/10 large volume)

·        1222

·        1220 (HOD 4/26/10)

·        1219

·        1217 (4/23/10)

·        1213

·        1210

·        1209 (HOD 4/29/10)

·        1207 (4/29/10 Top)

·        1206

·        1204

·        1200

·        1199

·        1197

·        1193(9/15/08 post-LEH bk)

·        1192

·        1188

·        1184