SPX (S&P 500) Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 6/13/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 6/13/16. 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 this year is 2120.55 on 6/8/16 and the closing high for this year is 2119.12 on 6/8/16. The intraday low for this year is 1810.10 on 2/11/16 and the closing low thus far this year is 1829.08 on 2/11/16. The intraday low in 2015 was 1867.01 on 8/24/15 and intrayear closing low for 2015 was 1867.61 on 8/25/15. Obviously, a failure under the 1810-1868 zone would lead to a catastrophic path ahead for stocks.

The SPX has exploded higher for nearly four months off the February low. Pay close attention to the 2110-2123 resistance zone; this would be the last chance area for bears to stop the stock market from marching towards new all-time highs above 2135 heading towards 2150.

The VIX remains under the 200-day MA at 18.45 so the bears are not too worried about the market pull back last Friday. However, the Keybot the Quant algorithm, Keystone’s proprietary trading algo, identifies VIX 16.58 as a key bull-bear level and the VIX is above at 17.03 creating market bearishness. If VIX falls under 16.58, the market bulls are fine and the upside in equities will resume. If VIX moves above 18.45, stock market carnage begins.

This week is OpEx Quadruple Witching on Friday. During OpEx weeks, stocks are typically positive from a Tuesday low to a Wednesday high. The critical FOMC rate decision is on Wednesday afternoon, 6/15/16, and will create market volatility. Equities are typically bullish moving into a Fed meeting; this jives with the OpEx seasonality. Thus, if the week is calm without major news events the background current of the market would create buoyancy from a Tuesday low into the Fed decision Wednesday afternoon.

The SPX is above the 200 EMA on the 1-hour chart at 2084 which signals bullishness for the hours and days ahead, however, price is moving lower as last week ended. If SPX fails at 2084, stocks will be falling rapidly down the rabbit hole. The SPX begins June at 2096.95 and the trading week starts at 2096.07 dead flat on the month thus far. The SPX is 52 points above the starting year number at 2044; the S&P 500 is up +2.5% on the year.

For Monday, 6/13/16, the bulls need to push above 2110 to accelerate the upside. The bears need to push under 2090 to accelerate the downside. A move through 2091-2109 is sideways action for Monday.

If the SPX pushes up through 2110, price will run higher to 2118 very quickly for a key test of this very strong resistance level. A move above 2118 and price will be at 2121-2123 in an instant and this would be the last chance for bears to prevent new all-time highs. If the SPX moves above 2123, then a move above 2135 will be very likely.

If the bears push under the strong 2089-2091 support, price will drop for a critical test of the 2083-2084 support and if this fails, stocks are in major trouble. That 200 EMA on the 60-minute at 2084 is a very important level which signals bullishness now with price at 2096 but will signal very bad things ahead if it fails.

Looking at the near-term picture the strongest price support/resistance is 2135, 2131, 2129, 2126, 2121-2123, 2118, 2110, 2102, 2094, 2091, 2089, 2083, 2081, 2079, 2074, 2072, 2067, 2061, 2057, 2046, 2042, 2032, 2022, 2019, 2011, 2002, 1997, 1993 and 1985-1988.

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) (6/8/16 Intraday High for 2016: 2120.55)

2120.55 Previous Week’s High

2120 (2/25/15 Intraday High: 2119.59)

2119 (6/8/16 Closing High for 2016: 2119.12)

2118 (4/24/15 Closing High: 2117.69)

2117 (3/2/15 Closing High: 2117.39)

2116 (11/3/15 Intraday High: 2116.48)

2114

2113

2111

2110 (11/3/15 Closing High; 2109.79)

2109.57 Friday HOD

2109

2108

2105

2104 (12/2/15 Intraday High: 2104.27)

2103 (12/2/15 Closing High: 2102.63)

2102

2100

2099

2097

2096.95 June Begins Here

2096.07 Friday Close – Monday Starts Here

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

2093

2092

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

2089.96 Friday LOD

2089.96 Previous Week’s Low

2089

2086

2084

2083.99 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2083

2082.86 (20-day MA)

2081

2080

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

2077

2076.37 (50-day MA)

2076 (11/28/14 Intraday High: 2075.76)

2075 (12/5/14 Closing High: 2075.37)

2074

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

2072

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

2069

2067

2065

2064

2063

2061

2057

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

2053

2052

2050

2047.01 (20-month MA)

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

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

2043.94 Trading for 2016 Begins Here

2042

2040

2038

2034

2033.17 (100-week MA)

2032.53 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2032

2031.43 (10-month MA)

2030

2024.20 (50-week MA)

2023.35 (20-week MA)

2023

2022.20 (150-day MA; the Slope is a Keystone Cyclical Signal)

2022

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

2017

2015.23 (100-day MA)

2014.56 (200-day MA)

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

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)

1987

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

1977

1973

1970

1969

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

1965

1964

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

1961

1959.92 (150-week MA)

1958

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

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

1949

1948

1943

1942

1937

1936

1931

1928

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

1920

1917

1914

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

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

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)

1848.98 (200-week MA)

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

1846

1845

1843

1841

1840

1839

1835

1831

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

1828

1827

1824

1822.56 (50-month MA)

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 (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

1788