SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 2/9/15

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 2/9/15. 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 2093.55 on 12/29/14 and the SPX all-time closing high is 2090.57 on 12/29/14. The high for this year is 2072.40 that prints last Friday overcoming the early January high for the year by only four pennies and then price promptly collapsed 17 handles. The low for this year is 1980.90 also printed last week.

For Monday with the SPX starting at 2055, the bulls need to push above 2072 to accelerate the upside. Bears need to push under 2050 to accelerate the downside. A move through 2051-2071 is sideways action to begin the week.  The SPX began the year at 2059 so this level determines if the stock market is positive, or negative on the year; right now the market is negative in 2015.

If price moves up through the2059-2061 resistance, then a test of 2067 is next, up through there and 2075-2076 will be on tap. On the downside, a drop under 2050 should send price down to 2044-2046 in a heartbeat for a bounce or die decision. If 2044-2046 fails, 2038-2040 is next and the 200 EMA on the 60-minute chat at 2038 is a critical bull-bear signal. Bad things will happen to stocks under 2038. Price will need to back kiss the 50-day MA at 2044 at some point forward and make a bounce or die decision.

January ends as a down month, the second consecutive down month for the first time since early 2012. The old Wall Street adage says, “As January goes so goes the year.” Looking at the big picture the strongest S/R is 2094, 2091, 2088, 2082, 2079, 2075-2076, 2067, 2061, 2046, 2040, 2038, 2032, 2030, 2023, 2019, 2011, 2002-2003, 1997-1998, 1993, 1988, 1985-1986 and 1982.

2094 (12/29/14 All-Time Intraday High: 2093.55)

2093

2091 (12/29/14 All-Time Closing High: 2090.57)

2089

2088

2086

2082

2080

2079 (12/5/14 Intraday High: 2079.47)

2076 (11/28/14 Intraday High: 2075.76)

2075 (12/5/14 Closing High: 2075.37)

2074

2073 (11/26/14 Closing High: 2072.83)

2072.40 Previous Week’s High

2072.40 Friday HOD

2072 (2/6/15 Intraday High for 2015: 2072.40)

2071 (11/21/14 Intraday High: 2071.46)

2069

2067

2065

2063 (1/22/15 Closing High for 2015: 2063.15)

2061

2058.90 Trading for 2015 Begins Here

2057

2056 (11/18/14 Intraday High: 2056.08)

2055.47 Friday Close – Monday Starts Here

2054

2052

2050

2049.97 Friday LOD

2046 (11/13/14 Intraday High: 2046.18)

2043.90 (50-day MA)

2041

2040

2038

2037.63 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2034

2032

2031.23 (20-day MA)

2030

2024

2023

2021

2019.54 (20-week MA)

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

2018

2016

2014

2012.89 (100-day MA)

2012

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

2009

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

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

2004

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

2002

2001

1999.44 (150-day MA; the Slope is a Keystone Cyclical Signal)

1999

1998.51 (10-month MA; a major market warning signal)

1998

1997

1995

1994.99 February Begins Here

1993 (1/15/15 Closing Low for 2015: 1992.67)

1992

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

1981 (2/2/15 Intraday Low for 2015: 1980.90)

1980.90 Previous Week’s Low

1979

1978.99 (200-day MA)

1978.45 (12-month MA; a Keystone Cyclical Signal) (the cliff)

1978

1976

1973

1970

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

1965

1964

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

1962

1961.81 (50-week MA)

1961

1960

1958

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

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

1949

1947

1946

1942

1940

1937