SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 7/22/13

SPX support, resistance (S/R), moving averages and other important levels are provided below for trading the week of 7/22/13. Last week creates new all-time closing and intraday highs above the May highs.  A move above 1693 will likely lead to a move to the psychological 1700. The bears need to push under 1684 to develop downside mojo. A move through 1685-1691 is sideways action for Monday.

The support areas below are 1687, 1683-1685, 1680-1681, 1678, 1675, 1672 and strong support at 1669. This is uncharted waters for the SPX. The 20-day, 50-day and 200 EMA on the 60-minute chart are at the 1636-1649 cluster so this should be viewed as very strong support and a key area where bulls win above 1649 but bears win under 1636. The bulls begin the day and new week running higher printing a new all-time intraday high minutes ago at 1695.05 so pay attention to this number moving forward. The all-time closing high is 1692.09 so watch to see if the closing print today registers a new closing high, or not.

·         1693 (7/18/13 All-Time Intraday High: 1693.12) (7/18/13 Intraday HOD for 2013: 1693.12) (Previous Week’s High: 1693.12)

·         1692 (7/19/13 All-Time Closing High: 1692.09) (7/19/13 Closing High for 2013: 1692.09)

·         1692.09 Friday HOD

·         1692.09 Friday Close – Monday Starts Here

·         1689

·         1687 (5/22/13 Intraday High Top: 1687.18)

·         1686

·         1685

·         1684.08 Friday LOD

·         1684

·         1683

·         1681

·         1680

·         1678

·         1675

·         1674

·         1673

·         1672.17 (10-day MA)

·         1672 (Previous Week’s Low: 1671.84)

·         1669 (5/21/13 Closing Top: 1669.16)

·         1666

·         1661

·         1659

·         1655

·         1654

·         1652

·         1651

·         1650

·         1649

·         1647

·         1646.47 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)

·         1640

·         1639.58 (50-day MA)

·         1639

·         1638.72 (20-day MA)

·         1636

·         1634

·         1632

·         1629

·         1627

·         1626

·         1624

·         1623

·         1618

·         1614

·         1611

·         1609.32 (20-week MA)

·         1609

·         1607

·         1606 (July begins at 1606.28)

·         1605

·         1602.53 (100-day MA)

·         1600

·         1598

·         1597

·         1593 (4/12/13 Market Top: 1593.30)

·         1589

·         1586

·         1583

·         1579

·         1578

·         1576 (10/11/07 Intraday High: 1576.09)

·         1569

·         1565 (10/9/07 Market Top: 1565.15)

·         1564

·         1563

·         1561.05 (150-day MA; the Slope is a Keystone Cyclical Signal)

·         1561

·         1560 (6/24/13 Intraday Low)

·         1556

·         1553 (10/31/07 Top: 1552.76) (3/24/00 Top: 1552.87)

·         1552

·         1551

·         1548

·         1546

·         1544

·         1539

·         1536.32 (10-month MA)

·         1536

·         1531

·         1528 (3/24/00 Closing Top: 1527.46)

·         1525

·         1524.84 (200-day MA)

·         1524 (12/11/07 Top: 1523.57)

·         1521

·         1520

·         1518

·         1517.54 (12-month MA; a Keystone Cyclical Signal) (the cliff)

·         1516

·         1514

·         1512

·         1510.46 (50-week MA)

·         1509

·         1505

·         1503

·         1500

·         1498 (12/26/07 Top: 1498.85)

·         1495

·         1489

·         1485

·         1481

·         1476

·         1475 (9/14/12 Intraday HOD for 2012: 1474.51)

·         1472

·         1468

·         1466 (9/14/12 Closing High for 2012: 1465.77)

·         1465

·         1461

·         1460

·         1457

·         1456

·         1453

·         1447

·         1446

·         1444

·         1441

·         1440 (5/19/08 Intraday HOD for 2008: 1440.24)

·         1438 (9/13/12 Fed Announces QE3 Infinity)

·         1435

·         1433

·         1431

·         1430 (12/12/12 Fed Announces QE4 Infinity and Beyond)

·         1429 (11/6/12 President Obama Election Top)

·         1427 (5/19/08 Closing High for 2008: 1426.63) (2013 Begins at 1426.19)

·         1424

·         1422

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