SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/4/13

SPX support, resistance (S/R), moving averages and other important levels are provided for trading the week of 11/4/13. The bulls create a low volume melt-up in Monday trading to begin the new week. For Tuesday, the bulls need to touch the 1769 handle and that will lead to an upside acceleration to test the all-time closing high at 1771.95 and perhaps the all-time intraday high at 1775.22. The bears need to push under 1762 to immediately send price lower into the 1752-1759 support area. A move through 1763-1768 is sideways action. S&P futures are -5 as this missive is typed about 3 hours before the opening bell.

Key S/R is 1775, 1772, 1769, 1763, 1759, 1752, 1745, 1733, 1730 and 1722. The 20-day MA at 1732.80 and rising desperately needing a back kiss. Thus, with the 20-day rising, the 1733-1745 support zone is a reasonable expectation target for price moving forward.

1775 (10/30/13 All-Time Intraday High: 1775.22) (10/30/13 Intraday HOD for 2013: 1775.22)

1775.22 Previous Week’s High

1772 (10/29/13 All-Time Closing High: 1771.95) (9/29/13 Closing High for 2013: 1771.95)

1769

1768.78 Monday HOD

1767.93 Monday Close – Tuesday Starts Here

1763

1762

1761.56 Monday LOD

1759

1757

1756.54 November Begins Here

1756

1752.70 Previous Week’s Low

1752

1747

1745

1737

1736

1733

1732.80 (20-day MA)

1730

1728.88 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1726

1722

1720

1710

1708

1706

1703

1700.54 (50-day MA)

1700

1698

1697

1696

1693

1692

1691.39 (20-week MA)

1691

1689

1688

1687 (5/22/13 Intraday High Top: 1687.18)

1686

1685

1683

1682

1680

1679.98 (100-day MA)

1675

1672

1669 (5/21/13 Closing Top: 1669.16)

1666

1664

1661

1659

1657.39 (150-day MA; the Slope is a Keystone Cyclical Signal)

1657

1652

1650

1649

1647

1646

1644.32 (10-month MA; a major market warning signal)

1640

1639

1636

1634

1629

1627

1626

1625.19 (200-day MA)

1624

1623

1618

1614

1613.96 (12-month MA; a Keystone Cyclical Signal) (the cliff)

1611

1609

1607

1606

1605

1600

1599.93 (50-week MA)

1598

1597

1593 (4/12/13 Market Top: 1593.30)

1589

1586

1583

1579

1578

1576 (10/11/07 Intraday High: 1576.09)

1569

1565 (10/9/07 Market Top: 1565.15)

1564

1563

1561

1560 (6/24/13 Intraday Low)

1556

1553 (10/31/07 Top: 1552.76) (3/24/00 Top: 1552.87)

1552

1551

1548

1546

1544

1539