11/2/2015

10/30: " SPX closed bang on the 2079 level. Watch this area on Monday! Basically, below ES 2077 & SPX 2079 is short term bearish, back above bullish until SPY Q4R1 that was resistance the last three days."

Although ES dropped below 2077 in the Sunday globex market, by open had recovered to 2077 and launched from there. Powerful rally continues with SPY, ES and SPX all above Q4R1s. If these levels can hold, then next target areas are substantially higher. 

SPY support Q4R1 209.07; next resistance 2HR1 213.80 & NovR1 215.20
ES support Q4R1 2077; next resistance 2HR1 2126, YR1 2138 & NovR1 2151
SPX support Q4R1 2079; next resistance 2HR1 2138 & NovR1 2151.

On the charts below, Q4R1 is the red crosses that acted as resistance the last few days and support today; the 2HR1 resistance above are the larger red dots, then NovR1 are the smaller red dots.