S&P 500 Index ( SPX ) and the S&P SPDRs ( SPY )

The S&P 500 Index ( $SPX ) added another 4.64 points to close at 1099.51 as it continues to seek a "Top" . Likewise the S&P SPDRs ( SPY ) added 0.52 points to close at 110.26 .

The SPY formed a near Dragonfly Doji candlestick in the daily chart and the $SPX with its Gap Up formed an Evening Star . Whether there will be follow through on these potential reversal patterns will be revealed in the up coming session. There should be some sort of correction before the Index continues to rise to reach that long sought after "Top" where an intermediate reversal can finally take place.

The Resistance and Support levels for the S&P 500 Index ( $SPX ) and the ETF S&P SPDRs ( SPY ) are given below.

S&P 500 Index ( SPX )

• R4- 1117.35
• R3- 1111.04
• R2- 1104.73
• R1- 1102.12

• DC- 1099.51

• S1- 1095.81
• S2- 1092.11
• S3- 1085.80
• S4- 1079.49

S&P SPDRs ( SPY )

• R4- 112.15
• R3- 111.48
• R2- 110.81
• R1- 110.53

• DC- 110.26

• S1- 109.86
• S2- 109.47
• S3- 108.80
• S4- 108.13