SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 7/6/15

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 7/6/15. 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 2134.72 on 5/20/15 and the SPX all-time closing high is 2130.82 on 5/21/15. The low for this year is 1980.90 which identifies the starting point of the huge February rally when the global central banks colluded to save the day.

For Monday with the SPX starting at 2077, the bulls need to push above 2085 to accelerate a quick push to 2091. The bears need to push under 2071 to accelerate the downside. A move through 2072-2084 is sideways action to begin the week.

If bulls head higher through the 2085-2086 resistance, 2091 will come in a flash. The 2095-2099 range is a strong resistance gauntlet containing three key moving averages, last week’s high and the strong 2099 price resistance. Market bears are fine if they keep the SPX under 2095. Bulls will rejoice and begin a strong sustainable rally higher with stocks above SPX 2099.

If the bears push under 2071-2072, 2067 occurs quickly.  The SPX began the year at 2059 so stocks are positive on the year by a smidge up +0.9%. July begins at 2063.11. The key 10-month MA is at 2064 which signals serious trouble ahead for the stock market if it fails. The 12-month MA is 2052 which represents a cliff edge where stocks can collapse into complete free fall.

Looking at the big picture the strongest S/R is 2135, 2131, 2126, 2121, 2118, 2110, 2108, 2105, 2099, 2091, 2086, 2081, 2079, 2076, 2072, 2067, 2061, 2056, 2046, 2040, 2038, 2032, 2030, 2023, 2019, 2011, 2002-2003, 1997-1998, 1993, 1988, 1985-1986 and 1982. The SPX moves choppy sideways through the 1990-2120 range for the last seven months with price attempting to break out above the 2120-2130 level in May and June but failing both times. The 2065-2130 sideways channel range (only 65-point range) is in play for the last five months.

2135 (5/20/15 All-Time Intraday High: 2134.72)

2132

2131 (5/21/15 All-Time Closing High: 2130.82)

2129

2126 (4/27/15 Intraday High: 2125.92)

2123

2121 (4/24/15 Intraday High: 2120.92)

2120 (2/25/15 Intraday High: 2119.59)

2118 (4/24/15 Closing High: 2117.69)

2117 (3/2/15 Closing High: 2117.39)

2115

2114

2113

2110

2108

2107

2105

2104.48 (50-day MA)

2104

2103

2100

2099

2098.63 Previous Week’s High

2098.58 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2097

2096.61 (20-week MA)

2096.14 (100-day MA)

2095.36 (20-day MA)

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

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

2089

2086

2085.06 Friday HOD

2081

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

2078.59 (150-day MA; the Slope is a Keystone Cyclical Signal)

2076.78 Friday Close – Monday Starts Here

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

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

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

2072.49 Previous Week’s Low

2072

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

2069

2067

2065

2064.47 (10-month MA; a major market warning signal)

2063.11 July Begins Here

2063

2061

2058.90 Trading for 2015 Begins Here

2057

2056.32 Friday LOD

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

2054.75 (200-day MA)

2053

2051.70 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2050

2049

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

2044.11 (50-week MA)

2041

2040

2038

2034

2032

2030

2024

2023

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)

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

2004

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

2002

2001

1999

1998

1997

1995

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)

1979

1978

1976

1973

1970

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

1965

1964

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

1962

1961

1960

1958