S&P 500 Large Cap Index ( SPX ) and S&P 500 SPDRs ( SPY ) Just a Little Bit Further

The S&P 500 Large Cap Index ( NYSE:$SPX ) spent the day "killing time " with a session close of 1122.97 .

The S&P 500 SPDRs ( SPY ) gained 0.34 points to close at 112.64 .

There may still be some upside to go but we may have to wait until Monday for that event. It will probably be a "spike" accompanied by a rapid reversal to give both Bulls and Bears the "short end of the stick". However it happens the outcome won't be pretty.

For $SPX, in the next session immediate Resistance at 1123.69 and 1125.58 and Support at 1119.54 and 1118.51.

For SPY, in the next session immediate Resistance at 112.65 and 112.95 and Support at 112.18 and 112.11.

The complete Resistance and Support data for the Index and ETF is given below.

S&P 500 Large Cap Index ( $SPX )

Resistance and Support Levels

• R4- 1142.33
• R3- 1135.26
• F- 1129.01
• R2- 1128.19
• F- 1127.8
• R1- 1125.58
• F- 1123.69

• DC- 1122.97

• F- 1119.54
• S1- 1118.51
• 1115.89
• S2- 1114.05
• S3- 1106.98
• S4- 1099.91

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S&P 500 SPDRs ( SPY )

Resistance and Support Levels

• R4- 114.80
• R3- 114.03
• F- 113.27
• R2- 113.26
• R1- 112.95
• F- 112.65

• DC- 112.64

• S1- 112.18
• F- 112.11
• S2- 111.72
• F- 111.11
• S3- 110.95
• S4- 110.18
• F- 110.25