SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Key Levels for Trading the Week of 3/13/17

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 3/13/17. 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 2400.98 on 3/1/17 and the all-time closing high is 2395.96 on 3/1/17. 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, the intraday high is 2400.98 and closing high is 2395.96. 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 the stock market hit a peak on March 1st when the SPX tags the 2400 round number printing the highest price in the S&P 500 in history. The Dow Jones Industrials print above 21K. The band is playing, “Happy Days Are Here Again.” Stocks retreat the last few days and  bounce off the 20-day MA at 2361 and rising.

The SPX price remains above the 20-day MA above the 50-day MA above the 100 above the 150 above the 200. The moving average ribbon is stretched to the upside and price needs a mean reversion lower. The S&P 500 has not touched the 50-day MA since early November when the big-time Trump Rally started. The 50-day MA is 2310.

The full moon peaked yesterday; stocks are typically bullish moving through the full moon. The epic Federal Reserve rate decision and Chair Yellen press conference is on Wednesday afternoon. Typically, stocks are bullish moving into the FOMC meeting decision. The week ahead is OpEx with Quadruple Witching on Friday so a Tuesday low in stocks should lead to a Wednesday high. The seasonality factors favor bulls early in the week into the Fed decision. The NYMO is super low and hints that a recovery rally should occur for stocks in the daily time frame.

The month of March begins at 2364. The year began at 2239. The week begins at 2373.

For Monday, 3/13/17, with the S&P 500 beginning at 2373, the bears need to push the SPX under 2363 to accelerate the downside; price will quickly fail into the 2350’s to test the strong support at 2355 and 2351. That is a huge air pocket from 2322 to 2351 so if the 2351 fails, look out below, price will probably flush very quickly to 2322 causing trader angst. The 200 EMA on the 60-minute chart is at 2343; if this level is lost, stocks will drop like a rock.

The market bulls need to push up through that 2375-2377 resistance and price will accelerate to 2380 in a heartbeat then try to chomp through the 2380-2384 resistance gauntlet. If price sneaks above 2384 then it is likely going to 2395-2396 for new record highs. A move through 2364-2376 is sideways action to begin the week.

The Federal Reserve rate decision is historic on Wednesday. It will be an epic day in market history. Trading between 2 PM EST and the closing bell at 4 PM EST on Wednesday, 3/15/17 will be a circus. Strike up the calliope.

The strongest support/resistance is 2401, 2395-2396, 2380, 2373-2375, 2368, 2365, 2363, 2355, 2351, 2322 and 2311.

Note: If the list below displays any blank spaces, view it in a different browser. The data is current up through 2/20/17.

2401 (3/1/17 All-Time Intraday High: 2400.98) (3/1/17 Intraday High for 2017: 2400.98)

2396 (3/1/17 All-Time Closing High: 2395.96) (3/1/17 Closing High for 2017: 2395.96)

2395

2384

2383

2382

2381

2380

2379

2378.80 Previous Week’s High

2377

2376.86 Friday HOD

2375

2373

2372.60 Friday Close – Monday Starts Here

2370

2368

2367

2366

2365

2364
2363.64 March Begins Here

2363.04 Friday LOD

2363

2361.37 (20-day MA)

2361

2359

2358

2356

2355

2354.54 Previous Week’s Low

2354

2353

2351

2350

2349

2347

2343.02 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2343

2340

2339

2338

2336

2335

2332

2328

2326

2322

2321

2319

2316

2312

2311

2310.28 (50-day MA)

2308

2301

2300

2299

2298

2297

2296

2293

2290

2289

2286

2285

2281

2280

2279

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

2277

2275

2274

2273

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

2271

2270

2269

2268

2265

2263

2260

2259.44 (20-week MA)

2258 (1/3/17 Closing Low for 2017: 2257.83)

2254

2252

2249.32 (100-day MA)

2249

2245 (1/3/17 Intraday Low for 2017: 2245.13)

2241

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

2238.83 Trading for 2017 Begins Here

2238

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

2221.07 (150-day MA; the Slope is a Keystone Cyclical Signal)

2219.06 (10-month MA)

2214

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

2212

2211

2210

2209

2207

2206

2205

2202

2200

2199

2198

2196.07 (12-month MA; a Keystone Cyclical Signal) (the cliff)

2195.08 (200-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

2179

2178

2175.53 (50-week MA)

2175

2174

2173

2170

2169

2166

2165

2164

2163

2160

2157

2155

2152