SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/14/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 11/14/16. 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 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.

Donald Trump defeats Hillary Clinton to become the new president of the United States from 1/20/17 forward. Stocks are rallying higher over the last week as Trump’s policies of more infrastructure spending, less regulation and lower taxes are viewed as inflationary. Treasury yields run strongly higher (notes and bonds sold off) with the 2-year yield tagging 1% and the 30-year above 3%. The US dollar index tagged 100 a couple hours ago.

The SPX began the year at 2044. The new week begins at 2164, a +5.9% gain this year. The central bankers saved the markets in February and the coordinated global money printing creates the multi-month rally into the top in August. The central bankers are the market. The Dow Industrials, INDU, print new all-time highs last Thursday and Friday.

Many exact price values are repeating hinting that robots are performing the bulk of the trading and triggering pivot points off the same levels. Computer programs and algorithms are running the show. The full moon peaks for the month at 8:55 AM EST and stocks are typically buoyant moving through the full moon. Stocks had one heck of a rally into the full moon weekend and the futures were up strongly this morning although now running out of gas.

The low CPCE put/call ratio signals that traders went from a feeling of panic and fear to complacency in less than 2 weeks time. Complacency and lack of fear indicates that a near-term top in stocks is likely to print this week. The retail sector is key this week with Retail Sales on Tuesday and earnings hitting each day. Retail stocks will influence market direction.

For the new trading week ahead, Monday, 11/14/16, with the S&P 500 beginning at 2164, the bulls need two points higher, to push above 2166 and an upside acceleration will occur. The bears need to push the SPX under 2152 to create a downside acceleration to begin the new week of trading. S&P futures are a hair positive 2-1/2 hours before the opening bell for the regular session losing a dozen points over the last hour. A move through 2153-2165 is sideways action for Monday.

If the bulls take out 2166, the 2169 price resistance will be tested in a heartbeat. If 2169 is taken out to the upside price will seek the 2175-2178 level next. For the bears, if the 20-week MA at 2152 fails, price will immediately drop to 2145-2149 to test the important 50 and 100-day MA’s. Market bulls are okay as long as they remain above the 200 EMA on the 60-minute chart at 2139. Big trouble begins for the stock market if 2139 is lost.

Looking at the near-term picture the strongest price support/resistance is 2183, 2175-2178, 2169, 2164, 2131-2133, 2126, 2121, 2118, 2113 and 2109-2110. Price parked exactly on the key 2164 S/R level and will bounce or die from here today. Price will likely prefer to move into the 2130’s if the 2164 fails.

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

2200

2195

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)

2187

2186

2185

2183

2182.30 Previous Week’s High

2182

2179

2178

2175

2174

2173

2170

2169

2165.92 Friday HOD

2165

2164.45 Friday Close – Monday Starts Here

2164

2163

2160

2157

2155

2152.49 Friday LOD

2152.34 (20-week MA)

2152

2151

2150

2148.82 (100-day MA)

2146

2145.88 (50-day MA)

2140

2139.29 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

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

2133.11 (20-day MA)

2133 (7/20/15 Intraday High 2132.82)

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

2132

2130 (6/22/15 Intraday High 2129.87)

2129

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

2126.15 November Begins Here

2126 (4/27/15 Intraday High: 2125.92)

2125.93 (150-day MA; the Slope is a Keystone Cyclical Signal)

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)

2119.77 (150-week MA)

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

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

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

2115

2114

2113

2111 (4/20/16 Intraday High: 2111.04)

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

2109

2108

2107

2105.65 (10-month MA)

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)

2100.59 Previous Week’s Low

2100

2099

2097

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

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

2089.52 (200-day MA)

2089

2086.72 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2086

2084

2083

2081

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

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)

2072.63 (20-month MA)

2072

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

2070.92 (50-week MA)

2069

2067.02 (100-week MA)

2067

2065

2064

2063

2061

2057

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

2053

2052

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

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

1927.98 (200-week MA)

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

1900.70 (50-month MA)

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