S&P500 Correction Statistics with Resistance and Support Levels

The current correction for the S&P500 shows the peak decline, so far, was 4.0% and we are currently 3.7% below the all-time record high.

Intraday "Correction" Statistics for 08/06/14

S&P500 ChartLast Market High 07/24/14 at 1,991.39
Last Market low 08/06/14 at 1,911.45
Current S&P500 Price 1,917.86
Decline in Points = 73.53
Decline in percent = 3.7%
Max Decline = 4.0%

• =>This means the decline from intraday high to intraday low is 4.0% and we are currently 3.7% off the peak.

These charts show the next major support levels are:

1. The dashed blue line just above 1880
2. The 200 DMA (day moving average) currently at 1861.06
   Note that a correction to the 200DMA would be roughly 7% below the record high.
3. The dashed green line currently just below a 10% correction from the record high.

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