Today’s SPX supports:
Intermediate Supports at 1820-27 and 1806-10 which are 61.8% extensions from previous moves.
Also at 1820 which is from the low of 10/15/14
and 1812 from the low of 1/20/16
As you can see there is a lot of support around the 1820-1810 area.
There is also a major support is at 1803 which is the 38.1% Fib Retracement from low of Jun 4 2012…to high of May 20 2015….
and 1780 which is the 61.8% extension of the previous down move from Dec 29 15 to Jan 20 16.
Below those tighten your seat belts.
Watch the 8 period stochastic, if it starts turning up at any one of these levels it is normally a sign that the level might hold for at least today….