S&p 500 technical levels to watch

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Cash prices

6th resistance 1415 Previous high
5th resistance 1404 Resistance line
4th resistance 1379 Previous support line
3rd resistance 1358 61.8% Fib retracement
2nd resistance 1358 Previous support
1st resistance 1348 Yesterday’s high
1st support 1334 Yesterday’s low
2nd support 1315 55-90min moving average
3rd support 1311 Support line
4th support 1292 200-day moving average
5th support 1283 Previous resistance line
6th support 1266 Previous low
7th support 1249 50% retracement
8th support 1242 Support line


S&P 500 INDEX_120619

If you are short:

1st resistance at 1348 (yesterday’s high). Weak stop loss above that level.

2nd resistance at 1358 (61.8% Fib retracement). Fair stop loss above that level.

3rd resistance at 1379 (previous support line). Strong stop loss above that level.

If you are long:

1st support at 1334 (yesterday’s low). Weak stop loss below that level.

2nd support at 1311 (support line). Fair stop loss below that level.

3rd support at 1292 (200-day moving average). Strong stop loss below that level.

Courtesy of www.bettertrader.co.uk, click here for link

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