S&P 500 hits its 10-day moving average, levels to watch The index is up over 1.25% at time of writing, just minutes after the open. The index is just a fraction under its 10-day moving average, which is a downtrend resistance line proxy. A breakout above the 10-day, last at 1378.09, would be bullish. A failure to break out above this level would be equally bearish. Resistance above the 10-day is at 1384.87. Support is currently at 1371.39.
Standard and Poor's Depository Receipts: Pivot points The following are the pivot points for SPY. Pivot High: $210.945, Pivot Low: $209.705. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.