SPX S/R 11-29-11

SPX support and resistance. Strong resistance cluster at 1196-1199 but this can be taken out if SPX moves up over 1197. Resistance at 1204 and 1210 are key.  Support provided below at 1193 (starting price today) and 1188.

·         1238

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

·         1233 (LOD 12/16/10)

·         1229

·         1227 (HOD 11/9/10)

·         1225

·         1224 (12/7/10 large volume)

·         1220 (HOD 4/26/10)

·         1219

·         1217 (4/23/10)

·         1215

·         1210

·         1209 (HOD 4/29/10)

·         1207 (4/29/10 Top)

·         1206

·         1204

·         1201

·         1199

·         1198

·         1196

·         1195

·         1193 (9/15/08 post-LEH bk)

·         1191

·         1189

·         1188

·         1183

·         1181

·         1179

·         1178

·         1175

·         1173