SPX (S&P 500) Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 8/15/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 8/15/16. 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 prints last Thursday, 8/11/16, at 2188.45. The all-time closing high is 2185.79 on 8/11/16. The SPX has taken out the May 2015 highs after this stock market top held in place for 15 months. The bulls, that continue to remain complacent due to non-stop central banker money-printing, are correct in their cheer leading the stock market higher since new record highs are printing. 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 the 2188.45; the closing high for this year is at 2185.79. 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 but this concern is not even on the map currently as equities print new all-time record highs near SPX 2200.

Keystone’s 80/20 rule says 8’s lead to 2’s so the close above 2180 hints that 2220-plus is on the table. The SPX begins August at 2174. The SPX is 144 points, +7.1%, above the starting year number at 2044. The central bankers saved the markets in February and the coordinated global money printing creates the multi-month rally. After the Brexit vote in late June, the BOE promises stimulus as far as the eye can see creating the spurt higher in stocks over the last month. The BOJ, PBOC and ECB also plan to keep on printing easy money to make the wealthy wealthier. The central bankers are the market.

For today, Monday, 8/15/16, with the S&P 500 beginning at 2184, the bulls need two points, to punch up through 2186, and price will accelerate higher into the 2190’s taking out the 2188 all-time high. S&P futures are up +3 three hours before the opening bell to begin the new week of trading so there may be lots of price activity around 2186 to begin the day and determine if up, or a retreat lower, is on the table.

The bears need to push below 2183 support and price will be testing 2179 in a flash. If 2179 fails, 2174-2175 will quickly occur. This would be a critical juncture since it leads to 2172 as a last chance support level for bulls. If 2172 fails, price will quickly seek the 2164-2169 range.

Below there is the 2156-2157 support and then an air pocket to 2135. The 200 EMA on the 60-minute chart at 2156 is a key short term signal for stocks and if this fails, serious trouble begins. As long as the SPX stays above 2156, the bulls will not be worried. Markets will significantly deteriorate if 2156 fails. A move through 2180-2185 is sideways action to begin the week. This range is very tight so a direction, either above 2185, or below 2180, will likely be chosen.

Looking at the near-term picture the strongest price support/resistance is 2188, 2186, 2183, 2174-2175, 2169, 2164, 2156-2157, 2152, 2135 and 2131. The bulls do not have a care in the world unless the 200 EMA on the 60-minute at 2156 fails; if 2156 level fails, stocks will begin dropping in earnest. As long as price is above 2156, the bulls are in clover with their feet up on the desk smoking expensive cigars and dabbing the ashes in the bear’s faces.

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

2188 (8/11/16 All-Time Intraday High: 2188.45) (8/11/16 Intraday High for 2016: 2188.45)

2188.45 Previous Week’s High

2186.28 Friday HOD

2186 (8/11/16 All-Time Closing High: 2185.79) (8/11/16 Closing High for 2016: 2185.79)

2185

2184.05 Friday Close – Monday Starts Here

2184

2183

2182

2181

2179.42 Friday LOD

2179

2178

2175

2174

2173.60 August Begins Here

2173

2172.00 Previous Week’s Low

2171.93 (20-day MA)

2170

2169

2165

2164

2160

2157

2156

2155.77 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2152

2135 (5/20/15 Intraday High: 2134.72)

2133 (7/20/15 Intraday High 2132.82)

2131 (5/21/15 Closing High: 2130.82)

2130 (6/22/15 Intraday High 2129.87)

2129

2128 (7/20/15 Closing High: 2128.28)

2127.32 (50-day MA)

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 (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

2105

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

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

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

2101.35 (20-week MA)

2100

2099

2098.22 (100-day MA)

2097

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

2093

2092

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

2089

2086

2084

2083

2081

2080

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

2077

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

2067.53 (10-month MA)

2067

2065

2064

2063

2061

2058.71 (20-month MA)

2057

2056.23 (12-month MA; a Keystone Cyclical Signal) (the cliff)

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

2053

2052

2050

2048.10 (200-day MA)

2047.83 (100-week MA)

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

2044.49 (150-day MA; the Slope is a Keystone Cyclical Signal)

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

2043.94 Trading for 2016 Begins Here

2042

2040

2038

2036.73 (50-week MA)

2034

2032

2030

2023

2022

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 (7/24/14 Intraday Top: 1991.39)

1988 (7/24/14 Closing High: 1987.98)

1987.39 (150-week MA)

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

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

1880.43 (200-week MA)

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)

1856.31 (50-month MA)

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

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 (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