SPX S/R 9-22-11

Here is SPX support and resistance for the Thursday session. Today, the 1206 resistance created a ceiling and the 1166 support created a floor. The bears have the advantage tomorrow only needing to get under that 1166 support and the selling will accelerate, hence, if you are bearish you want to see red futures leading up into the open tomorrow.

The market bulls simply need to stop the bleeding by maintaining 1166 support, hence, the bulls want to see green futures at all costs to get off to a good start tomorrow. Otherwise, next stop is 1155.

·        1210

·        1209 (HOD 4/29/10)

·        1207 (4/29/10 Top)

·        1206

·        1204

·        1202

·        1200

·        1199

·        1198

·        1196

·        1193 (9/15/08 post-LEH bk)

·        1192

·        1189

·        1188

·        1186

·        1184

·        1183

·        1181

·        1179

·        1178

·        1177

·        1173

·        1172

·        1171

·        1168

·        1166

·        1162

·        1159

·        1158

·        1155

·        1152

·        1150 (Important from 5/6/10 and 5/10/10)

·        1145

·        1144

·        1141

·        1140 (weekly closing low for 2005)

·        1138

·        1136

·        1133 (First trading day 1/4/10)

·        1131

·        1128

·        1127

·        1124

·        1121

·        1119

·        1118

·        1115 (EOY 2009)

·        1111

·        1109

·        1104

·        1101 (1101.54 LOD 8/9/11)

·        1099

·        1098