SPX S/R for 4/11/12

SPX support, resistance and moving averages are shown below. The 50-day MA was ruptured yesterday as well as the 2011 closing and intraday highs. Much of today's action should take place at the 1372.17 (50-day MA), 1370, 1368, 1366, 1363.61, and 1361 levels.

·         1414

·         1413

·         1410

·         1408

·         1406 (5/29/08 HOD)

·         1404

·         1403

·         20-day MA 1401.08

·         1401

·         10-day MA 1400.01

·         1399

·         1394

·         1391

·         1389

·         1386

·         Tuesday HOD 1383.01

·         1382

·         1378

·         1375

·         50-day MA 1372.17

·         1372

·         1371(5/2/11 Intraday HOD for 2011: 1370.58)

·         1370

·         1368

·         1366

·         1364 (4/29/11 Closing High for 2011: 1363.61)

·         1363

·         1361

·         Tuesday Close 1358.59

·         1358

·         Tuesday LOD 1357.38

·         1356

·         1354

·         1351

·         1347

·         1345

·         1344

·         1341

·         1339

·         1338

·         1337

·         1336

·         1333

·         1332

·         1331

·         1330

·         1329

·         1327

·         1326

·         1323