{"id":18833,"date":"2012-05-04T11:48:54","date_gmt":"2012-05-04T15:48:54","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=18833"},"modified":"2016-09-20T11:39:32","modified_gmt":"2016-09-20T15:39:32","slug":"sp-500-charting-the-key-area-of-support-make-or-break","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/05\/04\/sp-500-charting-the-key-area-of-support-make-or-break\/","title":{"rendered":"S&#038;P 500 &#8211; Charting the Key Area of Support (Make or Break)"},"content":{"rendered":"<p>There is clear support across a high volume node from the most recent swing at 1,368.72. That is a point that provides for a &#8220;bounce&#8221; if it approaches. Now that the index is once again below the 50 DMA, there are additional considerations, but the more important area <!--more-->is defined.<\/p>\n<p style=\"text-align: center;\"><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/andrewhorowitz\" data-show-count=\"false\">Follow @andrewhorowitz<\/a><script type=\"text\/javascript\" src=\"\/\/platform.twitter.com\/widgets.js\"><\/script><\/p>\n<p>Crossing below that will bring 1,340 and then 1,335 into play as there is nothing much holding the level from a volume and trading standpoint. A flush down to the 1,368.72 level would be consistent with the pattern that we are seeing and a chance to look for buyers to step into defend.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/spx-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18834\" title=\"spx\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/spx-1.jpg\" alt=\"\" width=\"548\" height=\"369\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">_____________<\/p>\n<h1 style=\"text-align: center;\"><em><strong>Live and Alerting <\/strong><\/em><\/h1>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.triggerpointresearch.com\/subscription\/signup\"><img loading=\"lazy\" decoding=\"async\" title=\"tpr\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/tpr.jpg\" alt=\"\" width=\"334\" height=\"73\" \/><\/a><\/p>\n<p style=\"text-align: center;\">(<strong>Click the above for more information<\/strong>)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is clear support across a high volume node from the most recent swing at 1,368.72. That is a point that provides for a &#8220;bounce&#8221; if it approaches. Now that the index is once again below the 50 DMA, there are additional considerations, but the more important area<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[165],"class_list":["post-18833","post","type-post","status-publish","format-standard","hentry","category-markets","tag-technical-analysis","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=18833"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18833\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=18833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=18833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=18833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}