SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Key Levels for Trading the Week of 10.5.15

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 10/5/15. 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. Everybody and his brother is watching this level for a retest but now the markets are running higher. The closing low for this year is 1867.61 on 8/25/15.

The week starts off with a bull party cascading from last Friday in the States to this morning in Asia then to Europe and now back to the US. The Fed and other central bankers continue providing easy money so traders drink the Fed champagne and buy stocks. The SPX closed at the highs on Friday so the positivity in S&P futures accelerates a strong move higher to begin the week.

As this is typed about 1:30 PM EST, the SPX is up 29 points, +1.5%, to 1981. The VIX is down to 19.41 at the LOD, under 20 and at six-week lows so lower volatility creates bull fuel. Price ran up through the strong 1961 and 1965 resistance. The SPX then overtakes the 200 EMA on the 60-minute chart at 1957 which signals bullish markets for the hours and days ahead. This 1957 level is critical and a huge feather in the bull's cap. Watch to see if price comes down for a back kiss to make sure that up is the direction to go.

The SPX continued higher this morning through 1973 and 1978 strong resistance so watch these levels as support going forward. Note the strong 1985-1988 gauntlet of resistance a major battle ground for bulls and bears. We can call it 1983-1988 and the HOD price is 1982.74 receiving a spank down on the first attempt to bust up through the gauntlet. This 1983-1988 level is key where bears stay in the game and can cause a retreat if they keep price below 1983. Bulls win big above 1988 with 2000+ then on the table. The battle between bulls and bears will rage on between 1983 and 1988.

Looking at the big picture the strongest S/R is 2046, 2040, 2032, 2019, 2011, 2002, 1985-1988, 1978, 1973, 1965, 1961, 1951, 1942, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808 and 1803. Note the air pockets between 1872 and 1848 and between 1841 and 1808. On the upside, a move through the 1985-1988 gauntlet and price should jump to 2002.

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

2102

2100

2099

2097

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

2093

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

2089

2086

2084

2081

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)

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

2072

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

2069

2067

2065

2063.64 (150-day MA; the Slope is a Keystone Cyclical Signal)

2063

2062.95 (200-day MA)

2061

2058.90 Trading for 2015 Begins Here

2058.64 (50-week MA)

2057

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

2053

2051.20 (100-day MA)

2050

2049

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

2043.94 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2041

2040.13 (20-week MA)

2040.08 (10-month MA; a major market warning signal)

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)

2004.61 (20-month MA)

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

2002

2001

2000.14 (50-day MA)

1999

1998

1997

1995

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

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: 1980.90)

1980

1979

1978

1976

1975.46 (100-week MA)

1973

1957.27 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1970

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

1965

1964

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

1961

1958

1956 (6/9/14 Intraday Top: 1955.55)

1951.36 Previous Week’s High

1951.36 Friday HOD

1951.36 Friday Close – Monday Starts Here

1951 (6/9/14 Closing High: 1951.27)

1949

1948

1947.64 (20-day MA)

1943

1942

1937

1936

1931

1929

1928

1924 (5/30/14 Intraday Top: 1924.03) (5/13/14 Closing High: 1923.57)

1920.03 October Begins Here

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)

1893.70 Friday LOD

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

1871.91 Previous Week’s Low

1870

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

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

1865

1862

1859

1855

1851 (1/15/14 Intraday Top: 1850.84)

1850.30 (150-week MA)

1849 (12/31/13 Intraday High Top for 2013: 1849.44)

1848 (1/15/14 Closing High: 1848.38) (12/31/13 Closing High for 2013: 1848.36)

1846

1845

1843

1842

1841

1840

1839

1835

1831

1828

1827

1824

1820

1816

1814 (11/29/13 Intraday Top: 1813.55)

1812 (12/9/13 Intraday Top: 1811.52)

1810

1809 (12/9/13 Closing Top: 1808.37)

1808

1807 (11/27/13 Closing Top: 1807.23)

1806

1803

1801

1800

1799 (11/18/13 Intraday Top: 1798.82)

1798 (11/15/13 Closing Top: 1798.18)

1796

1793

1791

1788

1785

1783

1782

1781

1777

1775 (10/30/13 Intraday Top: 1775.22)

1772 (10/29/13 Closing Top: 1771.95)

1770

1768

1763

1762

1759

1756

1752

1748

1747

1745

1740

1737

1733 (10/17/13 and 1018/13 Gap-Up: 1733.15-1736.72)

1730 (9/19/13 Intraday Top: 1729.86)

1729.88 (200-week MA)

1726 (9/18/13 Closing Top: 1725.52)

1722

1720

1711

1710 (8/2/13 Intraday Top: 1709.67)

1709

1708

1706

1703

1701.78 (50-month MA)

1700

1698

1697

1696