S&P 500 Analysis 7/1/09 July 1, 2009

S&P 500 Chart - The following is Technical Analysis of the S&P 500 ( IXIC ) for 7/1/09

S&P 500 INDEX ( INX ) Support & Resistance Levels - July 1, 2009

Resistance Levels: 930, 950

Support Levels: 913, 900, 889, 880

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The S&P 500 is back above all three major moving averages that I follow but could be forming a head and shoulders pattern. The right shoulder would be around 930 from early May, the head forming at the 956.23 high, and the left shoulder appears to be forming. Keep an eye on 880, if the S&P 500 closes below this level, you could have many traders and investors heading to the exit at once. Ther is solid support at 840 down to 820 if this happens. For More Technical Analysis - Go Here

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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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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

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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

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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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SP 500 Analysis 12/04/08 - Dec 4, 2008

The following is Technical Analysis for the S&P 500 for 12/04/08

S&P 500 Support & Resistance Levels - December 4, 2008

Resistance Levels: 871, 897
Support Levels: 850, 845, 839

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The S&P 500 is back over 850, a key battle ground lately. This is a level I have been watching for the past several weeks. When we break this level, we shoot to the upside, when we break this level to the downside, we plunge. Lately, the S&P 500 has based right around the 10 day moving average at about 839, this is where I have seen buyers step in. Another close below the 10 day moving average will be viewed as bearish and we could go down to test 800 again.
On the Upside, if we close above 897, I think you could see a huge rally to test 950 and above.

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