SPX (S&P 500) support,
resistance (S/R), moving averages and other important levels are provided for
trading the week of 2/23/15. 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 2110.61
on 2/20/15 and the SPX all-time
closing high is 2110.30 on 2/20/15 which are also obviously the highs of
the year. The low for this year is 1980.90.
For Monday with the
SPX starting at 2110, a new record all-time high, the highest print in history,
the bulls need to see a smidge of green in the S&P futures and the SPX
will accelerate several handles higher to begin the week. Bears need to push
under 2085 to accelerate the downside. A move through 2086-2010 is sideways
action to begin the week. The SPX began the year at 2059 so stocks are in
positive territory for 2015. February began at 1995 so the bulls appear headed
for a positive month. The month of trading ends, EOM, on Friday, 2/27/15, and
monthly charts will receive new prints.
If the SPX moves above 2111, the bulls will likely target
the 2120’s. The bears need to push under the strong 2099-2100 support to prove
they have the beans to move lower. Price will need to retreat at some point to back kiss
the 20-day MA at 2058 and rising.
Looking at the big picture the strongest S/R is 2111, 2110, 2100, 2097, 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.
2111 (2/20/15 All-Time Intraday High: 2110.61)
2110.61
Previous Week’s High
2110.61
Friday HOD
2110.30
Friday Close – Monday Starts Here
2110 (2/20/15 All-Time Closing High: 2110.30)
2102
2101
2100
2099
2098
2097
2096
2094 (12/29/14 Intraday High: 2093.55)
2093
2092
2091 (12/29/14 Closing High: 2090.57)
2089
2088
2086
2085.44
Friday LOD
2085.44
Previous Week’s Low
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
2071 (11/21/14 Intraday High: 2071.46)
2069
2067
2065
2063
2061
2059.31
(200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2058.90 Trading for 2015 Begins Here
2058.22
(20-day MA)
2057
2056 (11/18/14 Intraday High: 2056.08)
2054
2052
2050
2047.26
(50-day MA)
2046 (11/13/14 Intraday High: 2046.18)
2041
2040
2038
2034
2032.37
(20-week MA)
2032
2030
2024
2023
2021.19
(100-day MA)
2021
2019 (9/19/14 Intraday High: 2019.26)
2018
2016
2014
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)
2006.38
(150-day MA; the Slope is a Keystone Cyclical Signal)
2005 (8/26/14 Intraday High: 2005.04)
2004
2003.99
(10-month MA; a major market warning signal)
2003 (8/29/14 Closing High: 2003.37)
2002
2001
1999
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)
1988.42
(200-day MA)
1988 (7/24/14 Closing High: 1987.98)
1986 (7/3/14 Intraday Top: 1985.59)
1985 (7/3/14 Closing High: 1985.44)
1983.02
(12-month MA; a Keystone Cyclical Signal) (the cliff)
1983
1982
1981 (2/2/15 Intraday Low for 2015: 1980.90)
1979
1978
1976
1973
1971.21
(50-week MA)
1970
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)
1951 (6/9/14 Closing High: 1951.27)
1949
1947
1946
1942
1940
1937
1936
1931
1928
1925
1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)
1920
1917
1912
1910
1906
1902 (5/13/14 Intraday Top: 1902.17)
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
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