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 2099, the bulls need two points higher, to move up through
2102 and an upside acceleration to 2110 will occur quickly. The bears need to
push under 2084 to accelerate the downside 2076-2079. A move through 2085-2101
is sideways action for Monday. S&P futures are -7 minutes before the opening bell.
There is a tiny gap fill remaining at 2119-ish. Price may come back up to 2118-2119 for another look. The 2058-2063 support gauntlet is a very strong floor; big trouble would occur below here. A new moon peaks noon Wednesday; stocks are typically weak moving through the new moon. Stocks will be weak at the open but may recover for the SPX to run back to 2118-2119 late Monday or Tuesday, then followed by more sustainable downside in the daily time frame; the other alternative is down from here for a few days. The weekly chart remains positive so after a sideways lull for a week or two, stocks may float higher into Thanksgiving. The SPX monthly chart remains uninspiring for bulls. Looks like a lot of choppy sideways slop ahead.
There is a tiny gap fill remaining at 2119-ish. Price may come back up to 2118-2119 for another look. The 2058-2063 support gauntlet is a very strong floor; big trouble would occur below here. A new moon peaks noon Wednesday; stocks are typically weak moving through the new moon. Stocks will be weak at the open but may recover for the SPX to run back to 2118-2119 late Monday or Tuesday, then followed by more sustainable downside in the daily time frame; the other alternative is down from here for a few days. The weekly chart remains positive so after a sideways lull for a week or two, stocks may float higher into Thanksgiving. The SPX monthly chart remains uninspiring for bulls. Looks like a lot of choppy sideways slop ahead.
Looking at the big picture the strongest S/R is 2121-2123, 2118, 2110, 2102-2103, 2099-2100, 2093,
2091, 2081, 2079, 2076, 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.
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)
2116.48
Previous Week’s High
2114
2110
2109
2108
2107
2105
2104
2103
2102
2101.91
Friday HOD
2100
2099.20
Friday Close – Monday Starts Here
2099
2097
2094 (12/29/14 Intraday High: 2093.55)
2093
2091 (12/29/14 Closing High: 2090.57)
2089
2086
2084
2083.74
Friday LOD
2081
2080.76
Previous Week’s Low
2080
2079.36 November Begins Here
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
2063.22
(200-day MA)
2063
2061.98
(50-week MA)
2061
2060.30
(10-month MA)
2059.74
(20-day MA)
2059.56
(150-day MA; the Slope is a Keystone Cyclical Signal)
2058.90 Trading for 2015 Begins Here
2058
2057
2056 (11/18/14 Intraday High: 2056.08)
2054.74
(12-month MA; a Keystone Cyclical Signal) (the cliff)
2053
2050
2049
2046 (11/13/14 Intraday High: 2046.18)
2045.65
(200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2041
2040
2038
2037.13
(100-day MA)
2035.93
(20-week MA)
2034
2032
2030
2024
2023
2021
2020.83
(20-month MA)
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
1997.09
(50-day MA)
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)
1986.52
(100-week MA)
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
Note Added Tuesday Morning, 11/10/15, at 8:30 AM EST: The SPX dropped through support levels yesterday at 2081 then last week's lows then the November starting month number, then 2076-2079, then 2071. The LOD is 2068 so the 2067 support level cradled price; the 2067 support carries clout going forward. The SPX ends at 2078.58 negative for the month of November.
Note Added Tuesday Morning, 11/10/15, at 8:30 AM EST: The SPX dropped through support levels yesterday at 2081 then last week's lows then the November starting month number, then 2076-2079, then 2071. The LOD is 2068 so the 2067 support level cradled price; the 2067 support carries clout going forward. The SPX ends at 2078.58 negative for the month of November.
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