Tuesday, September 6, 2016

SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for trading the Week of 9.6/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the holiday-shortened trading week of 9/6/16. 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 on Monday, 8/15/16, at 2193.81. The all-time closing high is 2190.15 on 8/15/16. 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. However, the last all-time high printed three weeks ago. 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 2193.81. The closing high for this year is at 2190.15. 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 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 finished August printing a negative month. The SPX begins September at 2170.95. The SPX is 127 points, +6.2%, 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. The central bankers are the market.

For the new trading week ahead, Tuesday, 9/6/16, with the S&P 500 beginning at 2180, the bulls need five points, to punch up through 2185, and price will accelerate higher into the 2190’s. Note the formidable ceiling at 2183-2185 so it would be a big deal and positive for bulls if this resistance is taken out. Stocks are trading for the new week the opening bell rang a few minutes ago. The SPX is up 2 points at 2182 above the 20-day MA at 2180. HOD is 2184 so the 2183-2185 resistance gauntlet holds in the early going.

The bears need to push below 2174 support and price will be testing the 2169-2171 support gauntlet in a flash. Bad things will happen to stocks under 2169-2171. The SPX moves sideways on Tuesday (today) between 2175-2184. The 200 EMA on the 60-minute chart at 2170 a key short term signal for stocks and if this fails, serious trouble begins. As long as the SPX stays above 2169-2171 the bulls will not be worried.

Looking at the near-term picture the strongest price support/resistance is 2194, 2190, 2187, 2182-2185, 2178, 2175, 2169-2171, 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 2170 fails; if 2170 fails, stocks will begin dropping in earnest. As long as price is above 2170, the bulls are in control of the stock market for the hours and days ahead.

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

2194 (8/15/16 All-Time Intraday High: 2193.81) (8/15/16 Intraday High for 2016: 2193.81)
2193
2190 (8/15/16 All-Time Closing High: 2190.15) (8/15/16 Closing High for 2016: 2190.15)
2188
2187
2186
2185
2184.87 Previous Week’s High
2184.87 Friday HOD
2184
2183
2182
2179.98 Friday Close – Monday Starts Here
2179.71 (20-day MA)
2178
2175
2174
2173.59 Friday LOD
2173
2170.95 September Begins Here
2170
2169.86 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
2169
2165
2164
2160
2157.09 Previous Week’s Low
2157
2156
2153.09 (50-day MA)
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)
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)
2117.94 (20-week MA)
2117 (3/2/15 Closing High: 2117.39)
2116.93 (100-day MA)
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)
2100
2099
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
2076.80 (12-month MA; a Keystone Cyclical Signal) (the cliff)
2076.18 (10-month 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)
2072.34 (150-day MA; the Slope is a Keystone Cyclical Signal)
2072
2071 (11/21/14 Intraday High: 2071.46)
2069
2067.30 (20-month MA)
2067
2065
2064
2063
2061
2057
2056 (11/18/14 Intraday High: 2056.08)
2055.61 (200-day MA)
2053.54 (100-week MA)
2053
2052
2050.58 (50-week MA)
2050
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
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
1996.69 (150-week MA)
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
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)
1891.80 (200-week MA)
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
1872.07 (50-month MA)
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 (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
1793

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