SPX (S&P 500) Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 7/5/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the holiday-shortened trading week of 7/5/16. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R.

For the S&P 500 in history, the all-time record high is 2134.72 on 5/20/15 and the all-time closing high is 2130.82 on 5/21/15. The all-time record intraday low is 666.79 (the infamous 666) on 3/6/09 and all-time closing low is 676.53 on 3/9/09.

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. A move above 2118-2121 paves the way to new all-time highs at 2135.

The SPX is above the 200 EMA on the 1-hour chart at 2076 which signals bullish markets for the hours and days ahead. If the SPX fails at 2076, stocks will be falling down the rabbit hole. The bulls will continue living large if the SPX remains above 2076. The SPX begins July at 2099. The SPX is 55 points above the starting year number at 2044; the S&P 500 is up +2.7% on the year.

For Tuesday, 7/5/16, the first day of trading this week for US stocks, the SPX begins at 2103. The bulls need to touch the 2109 handle and bingo, price will thrust higher to immediately test the critical 2118-2121 range mentioned above. The bears need to push below 2098 to accelerate the downside. A move through 2099-2108 is sideways action for Tuesday.

The new moon peaked for the month at 7 AM EST today and stocks are typically bearish moving through the new moon. Conversely, the new month, and especially new quarter, should receive new money into the market creating buoyancy in stocks. A Bradley turn is 7/5/16 so remain alert for an abrupt and dramatic move in the stock market at any time forward.

If the SPX pushes up through the 2109-2110 resistance, price will run higher to 2118 very quickly for a key test of this very strong 2118-2121 resistance level. A move above 2118-2121 and price is likely headed to new record highs.

If the bears push under the strong 2098, a test of 2094 will occur in a heartbeat. If that fails, 2089 support is next. The 2076-2079 support level is very important. Market bulls are partying like its 1999 if they remain above 2079. Bears will create mayhem if 2076 fails.

Looking at the near-term picture the strongest price support/resistance is 2135, 2131, 2129, 2126, 2121-2123, 2118, 2110, 2102, 2094, 2089, 2083, 2081, 2079, 2067, 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 (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 (4/20/16 Intraday High: 2111.04)

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

2109

2108.71 Previous Week’s High

2108.71 Friday HOD

2108

2105

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

2102.95 Friday Close – Tuesday Starts Here

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

2102 (4/20/16 Intraday High: 2102.40)

2100

2099

2098.86 July Begins Here

2097.90 Friday LOD

2097

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

2093

2092

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

2089

2086

2084

2083

2082.24 (20-day MA)

2081

2080

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

2077

2076.65 (50-day MA)

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

2075.70 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

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

2050.00 (10-month MA)

2049.67 (20-week MA)

2048.92 (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

2042.27 (100-day MA)

2042

2040

2038

2036.47 (100-week MA)

2034

2032.68 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2032

2030

2023.15 (200-day MA)

2023

2022.83 (50-week MA)

2022

2021.98 (150-day MA; the Slope is a Keystone Cyclical Signal)

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

2017

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)

1991.68 Previous Week’s Low

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)

1967.61 (150-week 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

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)

1858.86 (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

1838.46 (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