SPX Support, Resistance (S/R), Moving Averages and Other Key Levels for Trading the Week of 12/2/13

SPX support, resistance (S/R), moving averages and other important levels are provided for trading the week of 12/2/13. The bulls keep running higher fueled by the central bankers. The SPX prints another intraday all-time high at 1813.55 on Friday but not a new closing high; the all-time closing high is 1807.23. Key support below is 1807-1808, 1803, 1798-1799, 1796 and 1791. December begins at 1805.81 so write this number down for reference this month.

For Monday, 12/2/13, starting at 1806, the bulls need to touch the 1814 handle and the 1820's will occur in quick order. The bears need to push under 1804, only 2 points lower, to accelerate the down side. A move through 1805-1813 is sideways action. S&P futures are flat at this writing about 3 hours before the opening bell. A strong support gauntlet is formed at 1798-1801 so bulls will be content all week if they stay above this level but bears will growl if this level gives way.

1814 (11/29/13 All-Time Intraday High: 1813.55) (11/29/13 Intraday HOD for 2013: 1813.55)

1813.55 Previous Week’s High

1813.55 Friday HOD

1809

1808

1807 (11/27/13 All-Time Closing High: 1807.23) (11/27/13 Closing High for 2013: 1807.23)

1805.81 Friday Close – Monday Starts Here

1805.81 December Begins Here

1805

1803.98 Friday LOD

1803

1802

1800.58 Previous Week’s Low

1799 (11/18/13 Market Top: 1798.82)

1798 (11/15/13 Market Closing Top: 1798.18)

1797

1796

1791

1788

1783.54 (20-day MA)

1782

1775 (10/30/13 Market Top: 1775.22)

1772.42 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1772 (10/29/13 Market Closing Top: 1771.95)

1770

1768

1763

1762

1759

1756

1752

1747

1745

1742.11 (50-day MA)

1737

1736

1733

1730 (9/19/13 Market Top: 1729.86)

1726 (9/18/13 Market Closing Top: 1725.52)

1722

1720

1716.05 (20-week MA)

1710.06 (100-day MA)

1710 (8/2/13 Market Top: 1709.67)

1708

1706

1703

1700

1698

1697

1696

1693

1692

1691

1689

1688

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

1686

1685

1683.18 (150-day MA; the Slope is a Keystone Cyclical Signal)

1683

1682

1680

1675

1672

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

1666

1664

1661

1659

1657

1652

1650.24 (200-day MA; not seen for 1 year extremely odd behavior)

1650

1649

1648.11 (10-month MA; a major market warning signal)

1647

1646

1640

1639

1636

1634

1629

1627

1626

1624

1623.20 (50-week MA)

1623

1618

1617.11 (12-month MA; a Keystone Cyclical Signal) (the cliff)

1614

1611

1609

1607

1606

1605

1600

1598