SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 2/23/15

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