SPX S&P 500 Suport, Resistance (S/R), Moving Averages and Other Key Levels for Trading the Week of 10/22/18

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 10/22/18. 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 2940.91 on 9/24/18 and the all-time closing high is 2930.75 on 9/20/18. The Power and Glory of the global central bankers is impressive. They are modern-day Money God’s. The BOJ and ECB continue printing money like madmen. Ditto the PBOC that plans to step-up their market-pumping efforts. The Fed maintains low interest rates since inflation is Godot. The easy money pumps all asset classes higher for the last decade including stocks, bonds, real estate, art, collectibles, cars, vineyards, etc… We truly live in a new Gilded Age.

The SPX 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 2018, the intraday high is 2940.91 and closing high is 2930.75. For 2018, the intraday low is 2532.69 on 2/9/18 and the closing low for this year thus far is at 2581.00 on 2/8/18. It would be interesting if the bear levels were tested by year end.

The SPX monthly chart displays negative divergence across all its key indicators (RSI, MACD, histogram, stochastics, money flow) as price prints matching highs in October signaling that a long-term top has printed a la the October 2007 top.

The full moon peaks for the month early Wednesday morning US East Coast time. Stocks are typically bullish through the full moon each month so the bulls may have control of equities from Tuesday afternoon into Wednesday. Earthquake activity will likely increase in the days ahead since the Earth and Moon will be at a key gravitational inflection point mid-week.

The S&P 500 begins the week at 2768 smack-dab on top of the 200-day MA support/resistance at 2768. In addition, the 150-day MA is at 2775. The 10-month MA is 2765. The 50-week MA is 2747. The 12-month MA is 2747. The 2764 price level is strong support from the list below and the 2776 is very strong overhead resistance. Gathering up three of the moving averages and the two key S/R levels yields a key range of 2764-2776. This gauntlet is uber important. The S&P 500 sits inside this gauntlet and is deciding which way to break. The direction will be key and determine the winner and loser ahead.

The 10-month MA at 2765 is very important and price did not close below here on Friday which gives the bull's a tiny feather for their caps. The stock market will deteriorate if the 10-mth MA is lost. On the downside, if 2764-2765 fails, serious trouble begins. Price will immediately test the Friday LOD at 2760. If that fails, the next stop is the strong support at 2753. If that fails, it is game-on for a battle at the key 2743-2749 support gauntlet. This is the last chance range for the bulls to hold back the bears. Below 2743, is carnage, destruction, mayhem and big-time stock market losses. Armageddon occurs going forward for many months and perhaps a year or two or more if the 2743 level fails.

On the bull side, price needs to use the 200-day MA at 2768 as a springboard and pop up to the 2774-2776 resistance. If the bulls can poke up through 2776 and hold the breakout, price will jump to 2780 and then 2786-2789. If the bulls begin a strong relief rally, think about where the month began at 2914 as the month ends on Wednesday, 10/31/18.

The strongest support/resistance for the SPX (S&P 500) is 2786-2789, 2780, 2764-2776, 2760, 2753, 2743-2749. All hope is lost for the stock market below 2743. The table is set and the festivities are about to begin.

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, you have to view the sites in Google Chrome or disable your Adblock software. The data below is current up through 10/21/18.

SPX (S&P 500) SUPPORT/RESISTANCE (S/R)

3330

3020

3000

2980

2960

2950

2945

2941 (9/21/18 All-Time Intraday High: 2940.91) (9/21/18 Intraday High for 2018: 2940.91)

2940

2937

2935

2932

2931 (9/20/18 All-Time Closing High: 2930.75) (9/20/18 Closing High for 2018: 2930.75)

2927

2926

2924

2922

2919

2917 (8/29/18 Intraday High: 2916.50)

2914 (8/29/18 Closing High: 2914.04)

2913.98 October Begins Here

2912

2908

2906

2904

2902

2901

2900

2898

2897

2895

2894

2892

2889

2885

2877

2876

2873 (1/26/18 Intraday High: 2872.80)

2872

2869.41 (50-day MA)

2867
2864 (9/7/18 Intraday Low: 2864.12)

2863

2862

2857

2856

2854.10 (20-day MA)

2854

2853

2851

2850

2848.07 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

2848

2846

2843

2842

2840

2839

2838

2836

2835

2833

2831

2830

2827.72 (20-week MA)

2827

2825.85 (100-day MA)

2824

2822

2818

2816.94 Previous Week’s High

2816

2813

2810

2809

2808

2806

2803.87 (6-month MA)

2803

2802 (3/13/18 Intraday High: 2801.90)

2800

2799

2798

2797.77 Friday HOD

2797

2791 (6/13/18 Intraday High: 2791.47)

2789

2786

2783

2780

2779

2776

2775

2774.77 (150-day MA; the Slope is a Keystone Cyclical Signal now flat)

2770

2768.24 (200-day MA)

2767.78 Friday Close – Monday Starts Here

2767

2764.98 (10-month MA)

2764

2762

2760.27 Friday LOD

2760

2753

2751

2749.03 Previous Week’s Low

2749

2748

2747.98 (12-month MA; a Keystone Cyclical Signal; the cliff)

2746.76 (50-week MA)

2744

2743

2742 (5/22/18 Intraday High: 2742.24)

2741

2738

2733

2732

2731

2728

2727

2724

2723

2717 (4/18/18 Intraday High: 2717.49)

2716

2714

2713

2711

2710 (10/11/18 Intraday Low: 2710.51)

2705

2701

2699
2695 (12/18/17 Intraday High: 2694.97)

2693

2692 (6/2818 Intraday Low: 2691.99)

2683

2682

2681

2678

2677 (5/29/18 Intraday Low: 2676.81)

2676

2674 (12/29/17 Intraday Low; 2673.61)

2670

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

2663

2661

2660

2659

2657

2653 (12/13/17 Intraday Low: 2652.85)

2652

2645

2639

2637

2635

2629.48 (20-month MA)

2628

2613

2606

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

2602

2601

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

2595 (5/3/18 Intraday Low: 2594.62)

2593

2588

2586

2585

2584

2582

2581 (2/8/18 Closing Low for 2018: 2581.00)

2580

2579

2578

2575

2573

2571.47 (100-week MA)

2569

2567

2566

2560

2557

2555

2554 (4/2/18 Intraday Low: 2553.80)

2553

2552

2551

2549

2548

2545

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

2541

2535

2532 (2/9/18 Intraday Low for 2018: 2532.69)

2529

2521

2520

2519

2510

2508

2507

2503

2500

2497

2496

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