SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 1/30/17

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 1/23/17. 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 is 2300.99 on 1/26/17 and the all-time closing high is 2298.37 on 1/25/17. 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 2017, this year, the intraday high is 2300.99 on 1/26/17 and closing high is 2298.37 on 1/25/17. For 2017, the intraday low is 2245.13 from the first trading day of the year on 1/3/17 and the closing low for the year thus far is at 2257.83 on 1/3/17. For 2016, the intraday high is 2277.53 on 12/13/16 and closing high at 2271.72 on 12/13/16. For 2016, the intraday low is 1810.10 on 2/11/16 and the closing low for 2016 is 1829.08 on 2/11/16. The intraday low in 2015 is 1867.01 on 8/24/15 and closing low for 2015 is 1867.61 on 8/25/15.

The upside orgy in stocks continues into the New Year. The central bankers keep pumping stocks higher and the new found optimism and euphoria around President Trump’s proposed lower taxes, less regulation and huge infrastructure spending ignites the afterburners.

The new moon peaked last Friday night and stocks are usually bearish moving through the new moon. On Sunday evening, as this message is typed, S&P futures are down 7 indicating a soggy open to begin the week but there are many hours before stocks open for trading on Monday morning.

A trio of central bankers report policy decisions this week. The Three Stooges are the BOJ providing a decision on Tuesday, the Fed on Wednesday and the BOE on Thursday morning. Consumer Confidence data is key on Tuesday morning. The US Monthly Jobs Report is on Friday morning. The EOM (end-of-month) is Tuesday so the monthly charts receive new data points. The month and year began at 2239 so it appears the bulls may paint a positive month to begin the year unless stocks collapse over the next two days.

For Monday, 1/30/17, with the S&P 500 starting at 2295, the market bulls need to push above 2299 and the upside will immediately jump several handles higher. The bears need to push the SPX under 2292 to accelerate the downside. A move through 2293-2298 is sideways action for Monday.

If the bulls print above 2299, price will slice up through the 2301 all-time high like a hot knife through butter and would probably not look back until 2305 and higher. If the bears take price under 2292, the SPX will target the 2285 support in a flash. If 2285 fails, 2282 will be tested next and if that fails price will set its sight on that gauntlet of strong support at 2279-2281. Under that is the strong gauntlet of support at 2271-2275.

Stocks will be in big trouble if the 200 EMA on the 60-minute at SPX 2264 fails but the bulls are 30 points above in control of the stock market and not worried. Markets will fall apart under 2264.

The strongest support/resistance is 2301, 2298, 2278, 2272, 2262, 2234, 2213, 2205 and 2194. The week begins at 2295. Note the big air pocket between 2213 and 2234.

Note: If the list below displays any blank spaces, view it in a different browser. The data is current up through 1/29/17.

2330

2325

2320

2305

2301(1/26/17 All-Time Intraday High: 2300.99) (1/26/17 Intraday High for 2017: 2300.99)

2300.99 Previous Week’s High

2300

2299.02 Friday HOD

2299

2298 (1/25/17 All-Time Closing High: 2298.37) (1/25/17 Closing High for 2017: 2298.37)

2297

2295

2294.69 Friday Close – Monday Starts Here

2294

2292

2291.62 Friday LOD

2289

2285

2282

2280

2279

2278 (12/13/16 Intraday High; 2277.53)

2277

2276

2275

2274

2273

2272 (12/13/16 Closing High: 2271.72)

2271.53 (20-day MA)

2271

2270

2269

2268

2265

2264.07 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2263

2260

2258

2257.02 Previous Week’s Low

2254

2252

2249

2245.45 (50-day MA)

2245

2241

2239 (12/30/16 Closing Low: 2238.83)

2238

2234 (12/30/16 Intraday Low: 2233.62)

2214

2213 (11/25/16 Intraday and Closing High: 2213.35)

2212

2211

2210

2209

2207

2206

2205

2202

2200.05 (20-week MA)

2200

2199

2238.83 January Begins Here; Trading for 2017 Begins Here

2198

2195.51 (100-day MA)

2195

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

2191 (12/1/16 Closing Low: 2191.08)

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

2187 (12/1/16 Intraday Low: 2187.44)

2185

2183

2182

2181.37 (150-day MA; the Slope is a Keystone Cyclical Signal)

2179

2178

2175

2174

2173

2170

2169

2166

2165

2164

2163.24 (10-month MA)

2163

2160

2157

2156.22 (200-day MA)

2155

2152

2151

2050.37 (150-week MA)

2150

2146

2140

2135.37 (12-month MA; a Keystone Cyclical Signal) (the cliff)

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

2133.25 (50-week 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 (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)

2115

2114

2113

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

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

2109

2108

2107

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)

2091.38 (20-month MA)

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

2089

2087.31 (100-week MA)

2086

2085 (11/4/17 Closing Low: 2085.18)

2084 (11/4/17 Intraday Low: 2083.79)

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

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

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

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

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)

1967.54 (200-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

1935.49 (50-month 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

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

1799 (11/18/13 Intraday Top: 1798.82)

1798 (11/15/13 Closing Top: 1798.18)

1796

1793

1791

1788