Many S&P components are starting to look weak, but the S&P futures continue to trade above key support in the 1427 area.  It is critical for the market to hold that level this week.

E-Mini

 

Significance Level Reason
1451.25 *  
1448.00 *  
1444.50 **** Thursday high
1443.50   Friday high
1440.00 ** Fri intraday high-1441 Thurs close
1437.50 *  
1434.25 CLOSE  
1431.75 *  
1429.00   Fri low-Thurs intraday low 1429.75
1427.50 *********** Thurs Globex low-Wed close 1427
1424.00 *** Wednesday low
1421.50 ** 9/12 low
1418.00 *  
1414.50 **** 9/11 low

Click here for support and resistance levels on the S&P’s top components.