SPX S&P 500 Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 1/22/19

SPX (S&P 500) support, resistance (S/R), moving averages and other important levels are provided for trading the week of 1/22/19. US markets are closed on Monday, 1/21/19, in honor of Martin Luther King Jr Day. 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 (four months ago) and the all-time closing high is 2930.75 on 9/20/18. The SPX all-time record intraday low is 666.79 (the infamous 666) on 3/6/09 (one decade ago) and all-time closing low is 676.53 on 3/9/09.

For 2019, the intraday high is 2675.47 on 1/18/19 and closing high is 2670.71 on 1/18/19. For 2019, the intraday low is 2443.96 on 1/3/19 and the closing low for this year thus far is at 2447.89 on 1/3/19.

The stock market retreats from the September record highs due to the negative divergence smack down on the monthly and weekly charts as Keystone explained in real time.

The full moon peaks for the month on Monday, 1/21/19, at 12:16 AM EST (midnight Sunday evening). There is also an eclipse. Stocks are typically bullish moving through the full moon each month although much of that bullish joy may have been priced in last week. Global earthquake, volcano and tsunami activity will likely increase in the days ahead since the Earth and Moon are at a gravitational inflection point impacting the plates.

The eclipse is interesting. Keystone’s Eclipse Indicator identifies the 2/21/19 period give or take 2 weeks, so 2/7/19 through 3/1/19, as having potential as a significant stock market top and pull back. The prior window the eclipse indicator targeted was 12/7/18 through 1/4/19 which hit in spades with stocks tumbling lower. There are two eclipses on tap in July and the next potential topping signal and selloff window for the eclipse indicator after February is 5/26/19 through 6/23/19 in June.

Stocks are typically bullish into a three-day holiday weekend and a rally occurs last Thursday and Friday. So the full moon may still provide a smidgeon of bullishness but the eclipse portends a market top very near in this January window.

The bears have bludgeoned the bulls since early October. The SPX has lost the 12-month MA at 2726 so the stock market is in a cyclical (weeks and months ahead) bear market pattern. The NYA is below the 40-week MA confirming the cyclical bear market. The slope of the SPX 150-day MA is negative confirming the cyclical bear market. The SPX 10 and 40-week MA’s are sloping negatively and a negative cross has occurred confirming the cyclical bear market. The UPS 20/50-week MA negative cross occurs confirming a cyclical bear market.

If you are bullish on the stock market for this year, you need the SPX to recover the 12-month MA at 2726 and for the 150-day MA to slope positively (higher) as soon as possible. These two parameters will tell you that the stock market is truly recovering with strength. However, as long as the S&P 500 remains below the 12-month MA at 2726 and the 150-day MA keeps sloping downwards, the stock market bulls are toast for the weeks and months ahead.

The SPX begins the week on Tuesday, 1/22/19, at 2671 perched on the very strong 2670 support/resistance. Price will pivot from this level. The bears need to push below the 20-month MA support at 2666. The S&P 500 battled to and fro at 2666 on Friday because of this 20-month MA. It would be a bearish signal if the SPX closes Tuesday below 2666 since the bulls would not be able to hold the 20-month.

Here is some red meat for the bears. The uber low CPC and CPCE put/calls and elevated NYMO say a near-term top is at hand. It may occur any hour any day forward. The drop will likely be from 40 to 150 SPX handles, maybe more. The SPX 2-hour chart is set up with negative divergence so the pullback should start early in the week ahead.

The bears need to take out the 2666 as mentioned and then price will immediately seek 2659. If that fails, the cluster of support at 2648-2652 is next which includes last Friday’s low. If that fails, goodnight Irene, Irene goodnight. Price will hit an air pocket and collapse to 2625-2628.

On the bull side, the SPX will need to move above that 2675 resistance for starters taking out last week’s highs. Once through that, 2681-2683 is next. If price is running higher, the key 2691 resistance is next then 2696 then 2701. These levels are pit stops on the way to the major moving average cluster at 2710-2713 and higher.

If the bulls can push price up through 2713, a test of the major 2723-2728 level is next for all the marbles. This confluence includes the key 12-month MA at 2726 which dictates if the stock market is in a cyclical bull or cyclical bear pattern. Stock market bulls have zero hope in the intermediate and long-term (weeks, months, years) unless the SPX moves back above the 12-month MA at 2726.

The strongest support/resistance for the SPX (S&P 500) is 2723-2728, 2710-2713, 2701, 2696, 2691, 2681-2683, 2675, 2670, 2666, 2659, 2648-2652, 2625-2628, 2613-2619, 2604-2607, 2588, 2583-2584, 2578-2581, 2560.

Note: If the list below displays any blank spaces, view it in the Google Chrome browser or disable your Adblock software. Doing this allows the KE Stone blog sites to receive proper advertising credit from Google and Amazon. As always, thank you to all the loyal supporters over the years. All of you deadbeats need to be in a more charitable mood if you want the information to continue.

SPX (S&P 500) SUPPORT/RESISTANCE (S/R) through 1/21/19;

3000

2950

2945

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

2940

2937

2935

2932

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

2927

2926

2924

2922

2919

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

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

2912

2908

2906

2904

2902

2901

2900

2898

2897

2895

2894

2892

2889

2886

2884

2874

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

2872

2867

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

2863

2862

2857

2856

2854

2853

2851

2850

2848

2846

2843

2842

2840

2839

2838

2836

2835

2833

2831

2830

2827

2824

2822

2818

2817 (10/17/18 Intraday High: 2816.94)

2816

2815 (11/7/18 Intraday High: 2815.15)

2813

2810

2809

2808

2806

2803

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

2800 (12/3/18 Intraday High: 2800.18)

2799

2798

2797

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

2789

2786

2783

2782

2780

2779

2776

2774

2770

2767

2764

2762

2760

2754.85 (150-day MA; the Slope is a Keystone Cyclical Market Signal)

2754

2753

2751

2749

2748

2744.16 (6-month MA)

2744

2743

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

2741.12 (200-day MA)

2741

2738

2735.29 (10-month MA)

2733

2731.79 (100-day MA)

2731

2729.99 (50-week MA)

2728

2727

2725.64 (12-month MA; the ‘cliff’ a Keystone Cyclical Market Signal)

2724

2723

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

2713.34 (20-week MA)

2713

2711

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

2705

2702

2701

2699

2696

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

2693

2692 (6/2818 Intraday Low: 2691.99)

2691

2685

2683

2682

2681

2678

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

2676

2675.47 Previous Week’s High

2675.47 Friday HOD

2675 (1/18/19 Intraday High for 2018: 2675.47)

2674 (12/29/17 Intraday Low; 2673.61)
2671 (1/18/19 Closing High for 2019: 2670.71)

2670.71 Friday Close – Monday Starts Here

2670 

2668

2665.63 (20-month MA)

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

2664

2661

2659

2658

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

2652

2650

2648

2647.58 Friday LOD

2639

2637

2635

2633

2628

2625.45 (50-day MA)

2618.65 (100-week MA)

2613

2606

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

2604 (10/29/17 Intraday Low: 2603.54)

2602

2601

2600

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

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

2593

2588.19 (200 EMA on 60-Minute Chart an Important Near-Term Market Signal)

2588

2586

2585

2584

2583 (12/10/18 Intraday Low: 2583.23)

2582

2581

2579

2578

2575

2573

2570.41 Previous Week’s Low

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

2534.59 (20-day MA)

2532

2529

2521

2520

2519

2510

2508

2507

2506.85 January Begins Here

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

2482

2481 (8/7/17 Closing High: 2480.91)
2480
2478 (7/27/17 Closing High: 2477.83)

2477

2476

2475

2472

2469

2468

2465

2464.18 (150-week MA)

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

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

2450

2448 (1/3/19 Closing Low for 2019: 2447.89)

2445

2444 (1/3/19 Intraday Low for 2019: 2443.96)

2443

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

2356.64 (200-week MA)

2356

2355

2353

2351

2349

2345

2343

2342

2341.32 (50-month MA)

2340

2338

2336

2335

2329

2322

2311

2300

2299

2298

2297

2296

2293