SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 10/19/15

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 10/19/15. 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 2033, the bulls only need one point, to touch the 2034 handle and bingo, the SPX will accelerate higher. The bears need to push under 2020 to accelerate the downside. A move through 2021-2033 is sideways action for Monday.

Last week, price came up to fill a gap at 2033. There are gaps at 2077-2080 and 2096-2098. The SPX hourly and minute charts are rolling over with neggie d so market weakness is expected. The daily chart is mixed with some neggie d that jives with the weakness in the VST on the hourly and minute charts, but also wants to see a higher high in price after the pull back occurs so this higher high in price may occur on Tuesday or Wednesday. At that price high for the SPX the daily chart should roll over with neggie d across all indicators and perhaps more sustainable selling begins.

The CPCE and CPC put/call ratios are dropping into the complacency zone again. When central bankers are pumping liquidity and the Fed does not look like it wants to raise rates ever, stocks move higher and traders become relaxed since the central bankers will support stocks, and their wealthy friends, forever. This complacency indicates market topping behavior. The CBOE Skew prints an uber high 150-ish that signals a significant market top at hand to occur at anytime. This jives with the put/calls dropping. Thus, mixing all of the above together and sprinkling some magic dust on it all says stocks should top out probably by mid-week.

There are strong resistance gauntlets above at 2038-2041, then 2045-2050, then 2056-2061. Lump them together and call it 2038-2061; the war zone. You can watch the small battles at these levels but the bigger picture says bulls will rally into year end above 2061 but bears will growl to finish the year if price stays under 2038. Bears need to push under 2032 support, then 2019 to get the ball rolling down hill. As the previous SPX monthly chart and th elist below highlights, the 10 and 12-month MA's are at 2045-2048 and this level is uber important and will dictate the path into the end of the year as well as if stocks are in a cyclical bear or bull (the SPX is under the 12-month MA at 2045 signaling an ongoing cyclical bear market).

Keep referencing the 200 EMA on the 60-mintue chart at 1981 that currently signals bullish markets for the hours and days ahead and the 8/34 MA cross on the 30-minute chart which currently signals bullish markets for the hours ahead. Bears need the negative 8/34 MA cross on the 30-minute chart and for price to make its way back down and fail at 1981.

Looking at the big picture the strongest S/R is 2099-2103, 2091, 2086, 2081, 2079, 2076, 2071, 2067, 2056-2061, 2045-2050, 2038-2041, 2032, 2019, 2011, 2002, 1985-1988, 1978, 1973, 1965, 961, 1951, 1942, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808 and 1803.

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

2061

2059.96 (150-day MA; the Slope is a Keystone Cyclical Signal)

2059.90 (200-day MA)

2059.61 (50-week MA)

2058.90 Trading for 2015 Begins Here

2057

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

2053

2050

2049

2048.25 (12-month MA; a Keystone Cyclical Signal) (the cliff)

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

2045.25 (10-month MA)

2041

2040.92 (100-day MA)

2040

2038.09 (20-week MA)

2038

2034

2033.54 Previous Week’s High

2033.54 Friday HOD

2033.11 Friday Close – Monday Starts Here

2032

2030

2024

2023

2021

2020.46 Friday LOD

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

2018

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

2007.17 (20-month MA)

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 (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)

1984.67 (50-day MA)

1983

1982

1981 (2/2/15 Intraday Low: 1980.90)

1980.89 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

1980

1979

1978.14 (100-week MA)

1978

1976

1973

1970

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

1966.83 (20-day MA)

1965

1964

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

1961

1958

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

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

1949

1948

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)

1891 (4/2/14 Closing High: 1890.90)

1990.73 Previous Week’s Low

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

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

1854.64 (150-week MA)

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

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