Traders Corner

Except for the Williams %R, the S&P 500’s technicals are looking mostly neutral. However, the futures are pointing down at the moment, so we may get a dip to open the week. Whether that lasts all day depends on the news out of D.C.

The S&P 500 levels to watch today:

UPSIDE: 1709 (August’s high), 1727 (top of the Bollinger Bands), and 1729 (September’s high and the all-time high).
LAST CLOSE: 1703 (October 11th’s high).
DOWNSIDE: 1698 (July’s high), 1691-1696 (5 data points and the 20 day moving average), 1687-1688 (2 data points and May’s high), 1680-1682 (2 data points), 1678 (50 day moving average), 1676 (October 8th’s high), 1674 (October 7th’s low), 1670 (October 3rd’s low), 1662 (October 9th’s high), 1660 (October 10th’s low), 1658 (bottom of the Bollinger Bands), 1654-1655 (October 8th’s low and June’s high), 1646 (October 9th’s low), 1627 (August’s low), and 1602 (200 day moving average).