Support & Resistance Levels for the S&P500

It would be really healthy for the market to test the breakout of the dashed orange lines from above.  This would be about 1,930.

Note that this second chart shows  a similar break above a trend line in October 2013 that was tested from above once in November 2013 before the market rallied all the way up to the dashed red resistance line.

Support Levels for S&P500

1. About 1930
2. The 50 DMA (day moving average) currently at 1887
3. The dashed black trend line at about 1825
4. The 200 DMA currently at 1807

Resistance Levels for S&P500

1. About 1975

Currently my portfolios are at record all-time highs.  I've taken some profits and have plenty of cash to buy any major declines yet I am "fully invested" to take advantage if (when) the market goes higher.

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• SPY At Record High While ECRI's WLI Just Below A 6.3-Year High

Note how the DOW remains below its long-term trend lines.

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