SPX S&P 500 Support, Resistance, Moving Averages and Other Important Levels for Trading the Week of 2/16/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the holiday-shortened trading week of 2/16/16. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R. For 2016, the intraday high for the year is 2043.94 on 1/4/16 and the closing high for this year is 2016.71 on 1/5/16. For 2016, the intraday low for the year is 1810.10 on 8/11/16 and the closing low thus far for the year is 1829.08.The intraday low in 2015 was 1867.01 on 8/24/15 and closing low for 2015 is 1867.61 on 8/25/15. 

For Tuesday, 2/18/16, with the SPX starting at 1865, having closed at the highs on Friday, the bulls need any tinge of green in the S&P futures and the SPX will jump several handles higher after the opening bell. Markets are closed today for the Presidents Day holiday but S&P futures were trading up +28 which would send the SPX higher to test the 1878, 1884 and 1897 resistance levels if the futures remain happy. The bears need to push the SPX under 1833 to accelerate the downside. A move through 1834-1864 is sideways action for Tuesday.

There is an air-pocket between 1872 and 1848 and price sits in the middle in no mans land. The 1867-1868 resistance is strong so bulls got nothing unless they first move above 1868 and then a relief rally will not be possible unless price moves above the 1872-1874 resistance gauntlet. This would immediately target 1878 R then 1884 R.

The bears got nothing unless they can push the SPX under 1848 which will create a drop to 1841 support for a test. Under 1841 is an air pocket down to 1808 with only 1835 offering some support. Note how price plummeted last Thursday, 2/11/16, and bounced off the cluster of market tops from 2013 at 1809-1814. Analysts were touting the importance of the 1812 level (January low) last week. Well, that was breached since the low was 1810. The 1812 is key from the standpoint that it was an intraday market top in December 2013 and intraday low last month but not as important as 1808. As the list shows, 1808 is the far more important and very strong support level and it held since price bounced from 1810. Since price was only 2 points away from 1808, the SPX will very likely come back down again in the future to test 1808 to show this support level the proper amount of respect. If 1808 fails, 1803 support is next then 1800 S then an air pocket to 1783 S.

To begin the week, focus on the 1872-1874 and 1848 levels. Bulls win big above 1872-1874. Bears win big under 1848. It is sideways noise between 1848 and 1872.

Looking at the near-term picture the strongest S/R is 1961, 1951, 1942-1943, 1924, 1897, 1884, 1878, 1874, 1872, 1848, 1841, 1808, 1803 and 1800. Note the air pockets between 1872 and 1848 and between 1841 and 1808.

Note: If the list below displays any blank spaces, view it in a different browser.

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

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)

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

2069

2067

2065

2063

2061

2058

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

2053

2050

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

2044 (12/31/15 Closing High: 2043.94)

2044 (1/4/16 Intraday High for 2016: 2043.94)

2043.94 Trading for 2016 Begins Here

2042

2041.38 (50-week MA)

2040

2038

2034.26 (200-day MA)

2034

2032

2030

2027.39 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2023.95 (20-month MA)

2023

2022

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

2017.53 (10-month MA)

2017(1/5/16 Closing High for 2016: 2016.71)

2012.43 (150-day MA; the Slope is a Keystone Cyclical Signal)

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

2008.93 (100-week MA)

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

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

2003.21 (20-week MA)

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

2002

2000.34 (100-day MA)

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

1973

1970

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

1966.85 (50-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

1940.24 February Begins Here

1937

1936

1931

1928

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

1920

1917

1914

1912.31 (150-week MA)

1912

1910

1909.18 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

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

1884.80 (20-day MA)

1884 (3/21/14 Intraday Top: 1883.97) (3/7/14 Intraday Top: 1883.57)

1882

1881.60 Previous Week’s High

1879

1878 (3/7/14 Closing High: 1878.04)

1877

1874

1873

1872

1870

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

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

1865

1864.78 Friday HOD

1864.78 Friday Close – Tuesday Starts Here

1862

1859 (1/20/16 Closing Low: 1859.33)

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

1841

1840

1839

1835

1833.40 Friday LOD

1831

1829 (2/11/16 Closing Low for 2016: 1829.08)

1828

1827

1824

1820

1816

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

1812 (12/9/13 Intraday Top: 1811.52) (1/20/16 Intraday Low: 1812.29)

1810.10 Previous Week’s Low

1810 (2/11/16 Intraday Low for 2016: 1810.10)

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

1790.16 (200-week MA)

1788

1785

1783

1782

1781

1777

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

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

1770

1768

1764.53 (50-month MA)

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)

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

1722

1720

1711

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

1709

1708

1706

1703

1700