FOR 8/18 SPX resistance, pivot & support
Resistance R3 1988.10, R2 1976.07, R1 1965.56
Pivot Point 1953.53
Support S1 1943.02 , S2 1930.99, S3 1920.48
For Weekly 8/18-8/22 SPX weekly resistance, pivot & support
Resistance R3 2005.72, R2 1984.88, R1 1969.97
Pivot Point 1949.13
Support S1 1934.22, S2 1913.38, S3 18798.47
The USA market opened the week with a gap up to SPX 1945, pulled back to 1928 by Tuesday, then gapped up twice more during the week to hit 1964 on Friday. Then some geopolitical news spooked the market and it sold off to SPX 1942 before rebounding in the afternoon. For the week the SPX/DOW 0.95%, the NDX/NAZ were +2.40%, and the DJ World index rose 1.65%. On the economic front positive reports were slightly more than negative ones. On the uptick: business inventories, export prices, the PPI, industrial production, capacity utilization and the budget deficit improved. On the downtick: the NY FED, consumer sentiment, the WLEI and weekly jobless claims rose. Next week we get the FOMC minutes, reports on Housing, Jackson Hole, Wy., and Leading indicators.
NEXT WEEK
Earning Calendar August 18-22, 2014
SPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$SPX with component chart
$VIX
$CPC daily
QQQQ Daily
COMPAQ
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