SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 11/28/16

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 11/28/16. 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 print occurs last Friday, 11/25/16, at 2213.35 for both the all-time intraday high and all-time closing highs. 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 and closing high thus far is of course the 2213.35. 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.

The three-week Trump Rally continues resulting in new all-time highs on all four major indexes; SPX; INDU or DJI, COMPQ and RUT. The month ends, EOM, on Wednesday, 11/3016. November began at 2126 so the month will likely print bullish. When stocks are strong through a given month, however, they are typically weak the last couple-few days of the month.

The new moon peaks on 7:18 AM EST Tuesday morning, 11/29/16, and stocks are typically bearish moving through the new moon each month. A Bradley turn date is on Tuesday so a market inflection point is at hand in this 11/22 to 12/6 window and especially 11/23 through 12/2 (now). The inflection may manifest as a wild vertical spike higher, or, a trend change where stocks roll over to the downside. This week will tell the tale.

The CPC and CPCE put/call ratios are complacent looking for a near-term top to print at anytime. Ditto the elevated NYMO. The low VIX also verifies lack of fear in the market. Everyone is drinking central banker wine and toasting Trump for all the money he plans to spend on infrastructure.

The SPX began the year at 2044. The new week begins at 2213, a 169-point gain this year up +8.3%. The central bankers saved the markets in February and the coordinated global money printing creates the multi-month rally. The Trump election victory now creates optimism that money will be spent on infrastructure so commodities, basic materials and industrials stocks soar higher, as well as the bankers. The central bankers and government spending is the market.

For Monday, 11/28/16, with the S&P 500 beginning at 2213, the highest level in history, the bulls need any smidge of green in the S&P futures and the SPX will run higher after the opening bell towards 2220. The bears need to push the SPX under 2205-2206 to create a downside acceleration to 2200 in a flash. A move through 2207-2212 is sideways action for Monday.

Looking at the near-term picture the support/resistance is 2213, 2205, 2198-2199, 2194, 2190, 2187, 2182-2183, 2178-2179, 2175, 2169-2170 and 2164.

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

2220

2213 (11/25/16 All-Time Intraday High: 2213.35) (11/25/16 Intraday High for 2016: 2213.35) (11/25/16 All-Time Closing High: 2213.35) (11/25/16 Closing High for 2016: 2213.35)

2213.35 Previous Week’s High

2213.35 Friday HOD

2213.35 Friday Close – Monday Starts Here

2206.27 Friday LOD

2206

2205

2203

2202

2200

2199

2198

2195

2194 (8/15/16 Intraday High: 2193.81)

2193

2190 (8/15/16 Closing High: 2190.15)

2187

2186.43 Previous Week’s Low

2185

2183

2182

2179

2178

2175

2174

2173

2170

2169

2166

2165

2164

2163

2161.43 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2160.46 (20-week MA)

2160

2159.43 (100-day MA)

2157

2155.60 (20-day MA)

2155

2152

2151.66 (50-day MA)

2151

2150

2146

2140

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

2133 (7/20/15 Intraday High 2132.82)

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

2132

2131.90 (150-day MA; the Slope is a Keystone Cyclical Signal)

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)

2024.58 (150-week MA)

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)

2115

2114

2113

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

2110.54 (10-month MA)

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

2109

2108

2107

2105

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

2103.39 (200-day MA)

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)

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

2090.80 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2089

2086

2084

2083

2081

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

2076.75 (50-week MA)

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

2075.07 (20-month MA)

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)

2069.38 (100-week MA)

2069

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

1935.01 (200-week MA)

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)

1901.68 (50-month MA)

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 (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