SPX S/R 11-9-11

SPX support and resistance shows the critical support levels below as the SPX is set to move lower after the opening bell.  SPX 1255 support is very important and, if lost, will usher in strong selling and a sustained large down move for today. Thus, as the selling begins, watch the starting year 1257-1258 support, then 1255, then 1242 to guage the extent of the damage.

·        1291

·        1289

·        1287

·        1286

·        1285

·        1282

·        1280

·        1278

·        Tuesday HOD 1277.55

·        1277

·        Tuesday Close 1275.92

·        1272-1273 (LT S/R)

·        1270

·        1268

·        1267

·        1263

·        1261

·        1259

·        1258 (1257.64 is the starting number for 2011)

·        1257 (3/16/11)

·        Tuesday LOD 1254.99

·        1254

·        1253

·        1252 (9/14/08 pre-LEH bk)

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

·        1247

·        1244

·        1242

·        1240

·        1239

·        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