SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 12/18/17

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for the trading week of 12/18/17 the second-to-last week of the year. Levels shown in bold are strong resistance and support. Bold and underlined levels are very strong and important S/R.

The all-time record high print for the S&P 500 is 2679.63 12/15/17 and the all-time closing high is 2675.81 on 12/15/17. 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. Former Federal Reserve Chairman Bernanke implemented QE1 in March 2009 to save the stock market and protect the wealthy elite class that own large stock portfolios.

For 2017, the intraday high is 2679.63 and closing high is 2675.81. 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 is at 2257.83 on 1/3/17 (these lows occurred one-year ago).

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 SPX continues fueled by central banker easy money and the euphoric talk concerning the US tax-cut bill. Everything is going the bull’s way. Friday was the highest print in history for the SPX at 2680. Strong support is at 2668. If this fails, the 2659-2660 support is next, then 2651-2652.

For Monday, the S&P futures are up 11 points, so a new record at SPX 2686 is likely. The bears need to push below 2659 on Monday to gain any downside traction. Stocks are usually lower through the new moon that peaked for the month overnight but equities move higher this month. Markets are news-driven by the tax bill joy. Markets will be closed for Christmas Day next Monday so stocks are typically buoyant the couple days before a three-day holiday weekend.

The strongest support/resistance for the SPX (S&P 500) is 2680, 2676, 2668, 2660, 2652 and 2639. The 20-day MA support at 2630 needs to be tested at some point forward. The month began at 2648 with 9 trading days remaining in the month, quarter, second half of year and year (EOM; EOQ4; EOH2; EOY2017).

Note: If the list below displays any blank spaces, view it in the Google Chrome browser. If you experience any difficulties viewing the blog sites or disabling Adblock, you have to view the sites in Google Chrome. The data is current up through 12/17/17.

2730

2720

2710

2700

2690

2680 (12/15/17 All-Time Intraday High: 2679.63) (12/15/17 Intraday High for 2017: 2679.63)

2679.63 Previous Week’s High

2679.63 Friday HOD

2676 (12/15/17 All-Time Closing High: 2675.81) (12/15/17 Closing High for 2017: 2675.81)

2675.81 Friday Close – Monday Starts Here

2672

2670

2668

2666

2665 (12/4/17 Intraday High: 2665.19)

2664

2663

2662

2661

2660

2659.14 Friday LOD

2659

2658

2657

2652

2651.47 Previous Week’s Low

2651

2649

2648

2647.58 December Begins Here

2646

2645

2644

2642

2641

2640

2639

2637

2635

2634

2630.27 (20-day MA)

2630

2629

2628

2627

2626

2625

2622.58 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2620

2606

2605 (12/1/17 Intraday Spike Low: 2605.52)

2601

2600

2599

2597 (11/7/17 Intraday High: 2597.02)

2595

2594.20 (50-day MA)

2591

2588

2585

2584

2580

2579

2578

2575

2573

2569

2567

2566

2564

2560

2555

2551

2549

2548

2545

2544 (10/25/17 Intraday Low: 2544.00)

2541.31 (20-week MA)

2541

2540

2538

2536.31 (100-day MA)

2535

2534

2532

2530

2529

2521

2520

2519

2512

2510

2508

2507

2503

2501.34 (150-day MA; the Slope is a Keystone Cyclical Signal)

2500

2497

2496

2494.21 (10-month MA)

2491 (8/8/17 Intraday High: 2490.87)

2488 (9/25/17 Intraday Low: 2488.03)

2484 (7/27/17 Intraday High: 2484.04)

2483

2482

2481 (8/7/17 Closing High: 2480.91)

2480

2478 (7/27/17 Closing High: 2477.83)

2477

2476

2475

2472

2469

2468.22 (200-day MA)

2468

2465.38 (12-month MA; a Keystone Cyclical Signal; the cliff)

2465

2454 (6/19/17 Intraday High: 2453.82)

2453 (6/19/17 Closing High: 2453.46)

2450

2448

2445

2443

2442.33 (50-week MA)

2442

2441

2439

2438

2436

2434

2431

2429

2428

2426

2423

2422

2419

2417 (8/21/17 Intraday Low: 2417.35)

2416

2415

2412

2406

2404

2401 (3/1/17 Intraday High: 2400.98)

2400

2396 (3/1/17 Closing High: 2395.96)

2394

2390

2389

2387

2382

2380

2378

2375

2373

2370

2368

2365

2363

2361

2359

2357

2356

2355

2353

2351

2349

2345

2343

2342.85 (20-month MA)

2342

2340

2338

2336

2335

2329

2322

2311

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

2272.53 (100-week MA)

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

2271

2270

2269

2268

2265

2263

2260

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

2254

2252

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)

2214

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

2212

2211

2210

2209

2207

2206

2205

2202

2200.65 (150-week MA)

2200

2199

2198

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)