SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/23/15

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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 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, 11/23/15, today, as the holiday-shortened week of trading begins, with the SPX starting at 2089, the bulls need to push above 2097 to create an upside acceleration into the resistance levels highlighted below. The bears need to push under 2083 to accelerate the downside. A move through 2084-2096 is sideways action for Monday.

The bulls need to push up through the strong 2091-2093 resistance, that will lead to a test of the 2097 strong resistance where last week’s price move stalled. A move through here will test the 2099-2100 resistance gauntlet. You can lump this whole area together and call the 2097-2103 level as a serious resistance zone. Bulls win big above 2103 since 2109-2110 will occur in a heart beat and then higher from there. Bears remain in the game under 2097.

The bears need to push down through the 2083-2084 support, this will immediately test November’s starting level at 2079. There are only five trading days remaining in the month and 2079 determines a positive versus negative November. EOM is Monday, 11/30/15. The 2079 also serves as a back kiss of the 20-day MA, so price would bounce or die from this level. If price collapses, 2075 support is next then 2071.

Looking at the big picture the strongest S/R is 2121-2123, 2114, 2109-2110, 2102-2103, 2099-2100, 2097, 2093, 2091, 2084, 2081, 2079, 2075, 2071, 2067, 2061, 2056, 2046, 2040, 2032, 2019, 2011, 2002, 1985-1988, 1978, 1973, 1965, 961, 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. There is a tiny gap fill remaining up top at 2119-ish.

The full moon peaks on Wednesday at 5:44 PM EST and markets are typically bullish through the full moon. Markets tend to be bullish in front of a holiday and the Friday shortened session is typically always bullish although the track record is mixed in recent years. Therefore, seasonality-wise, the bulls have an advantage say from Tuesday afternoon into the weekend. Markets are closed on Thursday for Thanksgiving Day. The stock market closes early at 1 PM EST on Friday.

Consumer Confidence on Tuesday at 10 AM EST and Consumer Sentiment on Wednesday at 10 AM EST are key data points this week.

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

2104

2103

2102

2100

2099

2097.06 Previous Week’s High

2097.06 Friday HOD

2097

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

2093

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

2089.17 Friday Close – Monday Starts Here

2089

2086

2084

2082.82 Friday LOD

2081

2079.36 November Begins Here

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

2078.67 (20-day MA)

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

2064.85 (200-day MA)

2063

2061.36 (50-week MA)

2061

2059.30 (10-month MA)

2058.90 Trading for 2015 Begins Here

2058

2057.61 (150-day MA; the Slope is a Keystone Cyclical Signal)

2057

2056.26 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

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

2053.91 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2053

2050

2049

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

2041

2040

2038

2034

2033.86 (100-day MA)

2032.63 (20-week MA)

2032

2030

2024

2023

2021

2020.33 (20-month MA)

2019.91 (50-day MA)

2019.39 Previous Week’s Low

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 (1/15/15 Closing Low: 1992.67)

1991.71 (100-week MA)

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

1973

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 (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

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)

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

1876.20 (150-week MA)

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

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

1824

1820