SPX Support, Resistance (S/R), Moving Averages and Other Important Levels

The SPX played around to and fro at the strong 2104 support/resistance and then fell through. This set up the move to test support at 2091 which occurred after this morning's bell. Price bounced but in the afternoon 2091 gave way. The 50-day MA is 2090 so it makes sense that this level at 2090-2091 put up a fight. The SPX fell through the 200 EMA on the 60-minute chart at 2095 which signals bearish markets for the hours and days ahead. Bulls will need SPX above 2095 as quick as possible.

April ended today so the monthly charts have all received new data points. April began at 2068 and price finished 18 points above on the month. May, tomorrow, begins at 2086. The previous week's low is 2084 a key level that would signal trouble ahead if it fails. The 2081 is strong support followed by 2076 then 2067. Bulls need to punch above the 2094-2097 resistance gauntlet to prove they got game.

2111

2110

2108

2107

2105

2104

2103

2101

2100

2099

2097

2096.62 (20-day MA)

2094.96 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2094 (12/29/14 Intraday High: 2093.55)

2091 (12/29/14 Closing High: 2090.57)

2090.28 (50-day MA)

2089

2085.51 May Begins Here

2084.11 Previous Week’s Low

2082

2081

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

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

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

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

2072.16 (20-week MA)

2072

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

2069

2068.05 (100-day MA)

2067.89 April Begins Here

2067

2065

2063

2061

2058.90 Trading for 2015 Begins Here

2057

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

2054

2052

2050