S&P 500 Analysis 3/30/09 March 30, 2009

The following is Technical Analysis for the S&P 500 ( IXIC ) for 3/30/09

S&P 500 Support & Resistance Levels - March 30, 2009

Resistance Levels: 833, 850

Support Levels: 810, 800, 798, 791

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Stock Market Futures

The S&P 500 is showing a top tag from yesterday of 832.98. This area will be a minor resistance level going forward. The downtrend line of the previous highs still extend well above 850 and this is where I feel we will top out at in the short term. The 10 day moving average is crossing the 50 day moving average, this is a bullish signal. Any close below both the 10 and 50 day moving averages from here on out would be bearish. Also, a close below 800 would be bearish as well. If this rally is for real, 800 will hold on a closing basis now that we've spent so much time about it. For More Technical Analysis - Go Here

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S&P 500 Analysis 3/25/09 March 25, 2009

The following is Technical Analysis for the S&P 500 ( IXIC ) for 3/24/09, 3/25/09

S&P 500 Support & Resistance Levels - March 24, 2009, March 25, 2009

Resistance Levels: 824, 840, 868, 875

Support Levels: 810, 804, 800, 789, 770, 766

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The S&P 500 broke up through and closed over 800 yesterday, this level now becomes support. As you can see from my downtrend line, the S&P still has further room to rise on a technical basis. As long as the S&P stays above 800, I could see it rising back to the 850-870 level with no problem. The minute we get a close back under 800, you need to started getting cautious as the S&P would then be testing the 50 day moving average again. Things are going to get real interesting in the next 5 or 6 trading sessions!! 800 is your line in the sand. For More Technical Analysis - Go Here

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S&P 500 Analysis 3/23/09 March 23, 2009

The following is technical analysis of the S&P 500 for Monday, March 23, 2009

S&P 500 Support & Resistance Levels - March 23, 2009

Resistance Levels: 780, 800, 804

Support Levels: 750, 741, 700, 667

http://stockcharts.com - Chart

Stock Market Futures

The S&P 500 has topped out at the major resistance level of 800 and now appears ready to go back to the 10 day moving average currently located at 750. The S&P remains in a downward channel and if you would get a close above 800, the S&P would see further upside.
In addition to support at 750, a close below 741 would be really bad for the S&P 500. 741 was the major low that was broken several weeks ago. After making a new low at 666.79, we closed back over 741 and went back to 800. I personally keep an eye on the 10 day moving average as a sign of strength and weakness. Whenever we are over it, investors buy the dips. Whenever we are below the 10 day, investors sell an rally. For More Technical Analysis - Go Here

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S&P 500 Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the S&P 500 for 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 850, 900, 944

Support Levels: 804, 800, 741

http://stockcharts.com - Chart

The S&P 500 has held the 800 level and appears to have formed a bottom around 804.30. If 800 is broken at any time, I am expecting the low of 741.02 to be tested. Resistance is currently at 850 and if we close above this level, I am expecting the S&P 500 to retest 900.
A close above 944 is what you want to see if you are long this market as this would be a positive sign and a continuation of December's uptrend. For More Technical Analysis - Go Here

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