{"id":18849,"date":"2012-05-07T08:30:36","date_gmt":"2012-05-07T12:30:36","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=18849"},"modified":"2016-09-20T11:41:06","modified_gmt":"2016-09-20T15:41:06","slug":"sp-500-updated-level-watch-for-support","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/05\/07\/sp-500-updated-level-watch-for-support\/","title":{"rendered":"S&#038;P 500 &#8211; Updated Level Watch for Support"},"content":{"rendered":"<p>Last week we looked at the <a title=\"S&amp;P 500  Charting the Key Area of Support (Make or Break)\" href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/2012\/05\/04\/sp-500-charting-the-key-area-of-support-make-or-break\/\"><strong>key levels of support for the S&amp;P 500<\/strong><\/a>. On Friday it held just about the the penny and that would have set up some sort of potential for the bulls to come in &#8211; if not for the European debacle again.<\/p>\n<p>The S&amp;P 500 has some important tests over the next few weeks. There are defined areas of <!--more-->high volume support that are now in play. Interestingly they are all within about 10 points of each other.<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/sp500-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18850\" title=\"sp500\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/sp500-1.jpg\" alt=\"\" width=\"588\" height=\"324\" \/><\/a><\/p>\n<p>Along with that, here is another look at the Spearman Indicator. As of Friday it is sloping down from a lower higher, but still not below zero. That will probably change at the close today.<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/spearman_05072012-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-18851\" title=\"spearman_05072012\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/spearman_05072012-1.jpg\" alt=\"\" width=\"593\" height=\"370\" \/><\/a><\/p>\n<p style=\"text-align: center;\">___________<\/p>\n<p style=\"text-align: center;\">Looking to invest in The Disciplined Investor Managed Growth Strategy?<br \/>\nClick below for the virtual tour&#8230;.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.thedisciplinedinvestor.com\/blog\/mailbox\/tdi-investment-fund\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/05\/TDIMG-1.jpg\" alt=\"\" width=\"212\" height=\"318\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week we looked at the key levels of support for the S&amp;P 500. On Friday it held just about the the penny and that would have set up some sort of potential for the bulls to come in &#8211; if not for the European debacle again. The S&amp;P 500 has some important tests over [&hellip;]<\/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":[12,42],"tags":[165],"class_list":["post-18849","post","type-post","status-publish","format-standard","hentry","category-markets","category-stocks","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\/18849","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=18849"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/18849\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=18849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=18849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=18849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}