SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/10/14

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 11/10/14. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R. The SPX all-time intraday high is 2034.26 on 11/7/14 and the SPX all-time closing high is 2031.92 on 11/7/14.

For Monday with the SPX starting at the all-time closing high at 2032, the bulls only need two points of upside to print above 2034 and an upside acceleration will occur after the opening bell. The market bears need to push under 2025 to accelerate the downside. A move through 2026-2033 is sideways action to begin the week.

The parabolic move higher in stocks continues fueled by the global central banker collusion. The bullish seasonality factors such as the third year of the presidential cycle and years ending in ‘5’ are encouraging the bulls to chase prices higher. Over the last week, the markets were hit with the BOJ QE shock and awe, mid-term elections, ECB rate decision and Monthly Jobs Report all resulting in an ever-increasing stock market.

The 2024 level is very strong support so a back kiss to this level would be expected going forward. November begins at 2018 so this important level will likely be explored as the month plays out.

2034.26 Previous Week’s High

2034.26 Friday HOD

2034 (11/7/14 All-Time Intraday High: 2034.26) (11/7/14 Intraday High for 2014: 2034.26)

2032 (11/7/14 All-Time Closing High: 2031.92) (11/7/14 Closing High for 2014: 2031.92)

2031.92 Friday Close – Monday Starts Here

2031

2025.07 Friday LOD

2025

2024

2023

2019 (9/19/14 Intraday High: 2019.26)

2018.05 November Begins Here

2018

2016

2014

2012

2011 (9/18/14 Closing High: 2011.36) (9/4/14 Intraday High: 2011.17)

2010

2009

2007 (9/5/14 Closing High: 2007.71)

2006

2005 (8/26/14 Intraday High: 2005.04)

2004

2003 (8/29/14 Closing High: 2003.37)

2002

2001.01 Previous Week’s Low

2001

1999

1998

1997

1995

1993

1991 (7/24/14 Intraday Top: 1991.39)

1988 (7/24/14 Closing High: 1987.98)

1986 (7/3/14 Intraday Top: 1985.59)

1985 (7/3/14 Closing High: 1985.44)

1983

1982

1980

1978

1976

1973.78 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1973

1971.80 (20-week MA)

1970.70 (50-day MA)

1970

1968.05 (100-day MA)

1968 (6/24/14 Intraday Top: 1968.17)

1965

1964

1963 (6/20/14 Closing High: 1962.87)

1962

1961

1960

1958

1956 (6/9/14 Intraday Top: 1955.55)

1955.53 (20-day MA)

1951 (6/9/14 Closing High: 1951.27)

1949

1947

1945.58 (10-month MA; a major market warning signal)

1943.20(150-day MA; the Slope is a Keystone Cyclical Signal)

1942

1940

1937

1936

1931

1928

1925

1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)

1923.90 (12-month MA; a Keystone Cyclical Signal) (the cliff)

1920

1917.19 (200-day MA; not tested for 22 months extremely odd behavior)

1917

1912

1910

1906

1902 (5/13/14 Intraday Top: 1902.17)

1901.22 (50-week MA)

1901

1897 (5/13/14 Closing High: 1897.45) (4/4/14 Intraday Top: 1897.28)

1894

1891 (4/2/14 Closing High: 1890.90)

1889

1886

1885

1884 (3/21/14 Intraday Top: 1883.97) (3/7/14 Intraday Top: 1883.57)

1882

1880

1879

1878 (3/7/14 Closing High: 1878.04)

1877

1874

1873

1872

1871

1868

1867

1865

1862

1859

1855

1853

1852

1851 (1/15/14 Intraday Top: 1850.84)

1849 (12/31/13 Intraday High Top for 2013: 1849.44)

1848.36 Trading for 2014 Begins Here

1848 (1/15/14 Closing High: 1848.38) (12/31/13 Closing High for 2013: 1848.36)

1846

1845

1843

1842

1841

1840

1839

1838

1837