SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 8/31/15

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SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 8/31/15. 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 intraday low for this year is 1867.01 on 8/24/15. The closing low for this year is 1867.61 on 8/25/15.

For Monday with the SPX starting at 1989, the bulls need to push above 1993 to send price to 2000+ in quick order. The bears need to push under 1975 to accelerate the downside. A move through 1976-1993 is sideways action to begin the week. S&P futures are donw over -20 points as this is typed on Sunday evening in the States so the bears want to make a run at the lower band.

An elevated VIX, and elevated CPC and CPCE put/call ratio’s forecasted the tradeable market bottom mid-week last week which occurred and stocks may want to head higher (despite the lower futures) until complacency occurs again with the CPC and CPCE printing lower.

Stocks fell like a stone last week then staged a strong recovery. For the bulls, the 1993 needs to be taken out and 1998 will occur quickly then 2002. The SPX parked itself for the weekend just above the 1985-1988 gauntlet of support. If the S&P futures remains weak overnight, 1978 is the first support test, then 1973-1975 then 1964-1965. Price will bounce or die from these levels if they are tested.

August ends today and began at 2104 so the month will print negative. Wall Street analysts have been calling for the SPX to print above 2200 and many say over 2300 this year which is now a 300-handle and more gain needed in only four months. The analysts will likely begin marking their predictions lower but some may let the bullish forecast ride since Fed Chair Yellen may delay the first rate hike into 2016 which would likely rally the stock market. The Fed rate decision is Thursday, 9/17/15 approaching quickly.

Looking at the big picture the strongest S/R is 2061, 2056, 2046, 2040, 2032, 2019, 2011, 2002, 1998, 1993, 1985-1988, 1978, 1973, 1964-1965, 1951, 1942 and 1924-1928.

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

2133 (7/20/15 Intraday High 2132.82)

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

2130 (6/22/15 Intraday High 2129.87)

2129

2128 (7/20/15 Closing High 2128.28)

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

2124 (6/23/15 closing High: 2124.20)

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)

2114

2110

2109

2108

2107

2105

2104

2103.84 August Begins Here

2103

2102

2100

2099

2097

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

2093

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

2089.86 (100-day MA)

2089

2088.51 (20-week MA)

2086

2084.81 (150-day MA; the Slope is a Keystone Cyclical Signal)

2084

2081

2080

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

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

2075.41 (200-day MA)

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

2074.53 (50-day MA)

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

2072

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

2069

2067

2065

2064.26 (10-month MA; a major market warning signal)

2063

2061

2058.92 (50-week MA)

2058.90 Trading for 2015 Begins Here

2057

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

2053

2052.74 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2050

2049

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

2043.25 (20-day MA)

2042.33 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2041

2040

2038

2034

2032

2030

2024

2023

2021

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

2018

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

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

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

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

2002

2001

1999

1998

1997

1995

1993.48 Previous Week’s High

1993.48 Friday HOD

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

1992.45 (20-month MA)

1991 (7/24/14 Intraday Top: 1991.39)

1988.87 Friday Close – Monday Starts Here

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: 1980.90)

1979

1978

1976

1975.19 Friday LOD

1974

1973

1971

1970

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

1965

1964

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

1962.72 (100-week MA)

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

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)

1896

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

1871

1868 (8/25/15 Closing Low for 2015: 1867.61)

1867.01 Previous Week’s Low

1867 (8/24/15 Intraday Low for 2015: 1867.01)

1865

1862

1859

1855

1853