Static Support and Resistance Levels S&P Futures 9/11/12

Next levels to watch

Here are the next levels to watch:

Resistance: 1233.50.  A break above this suggests a move to 1243.50
Support: 1224.  A solid break below here (not just a little spike test) suggests a move to 1218.25

These are basis the S&P 500 March Futures contract

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Resistance

Resistance is right here at 1226 basis the S&P Futures. Above this level suggests a retest of highs at a minimum, with a target of 132 above that. If this level holds, we could be in for a retest of the lows

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A=C move, support

Here's a chart

We exceeded the "perfect" symmetry by a few ticks.

1321 is still support

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1327.50 resistance

We are churning there, as the bulls are trying to build up some steam to get through

We just broke through here, but not by much

It's important to watch the $TICK here as the A=C pattern completes

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Support adjustment

1321 is the first support for the S&P Futures to watch, before the all sessions lows

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$TICK, S&P Futures levels to watch

The $TICK is my favorite short term market gauge

So far, on the advance to the gap fill, the $TICK only got to +400

Not the sign of strong upside momentum, at least yet.

Levels to watch early on: Lows of day (all sessions) at 1319.50 for support and 1327.50 for resistance

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