Good morning, traders!

SPY closed at 690.38 on Christmas Eve – sitting right on the biggest level ever recorded on the chart. Markets were closed Christmas Day, resuming today.

CRITICAL LEVELS:

• Above 691 = major breakout to 692-695
• Below 689 = pullback to 687

KEY LEVELS

🟢 RESISTANCE:

• 695 – Upper ceiling
• 692 – Secondary wall
• 691 – MAJOR resistance (121M positioning)
• 690.38 – Current spot (MASSIVE 469M positioning!)

📍 CURRENT: 690.38

🔴 SUPPORT:

• 689 – First floor (99M positioning)
• 687 – Strong support (heavy puts)
• 685 – Secondary floor
• 684 – Max Pain / Flip zone (684.33)

💡 TODAY’S SETUP

We’re sitting at 690.38 – right on the biggest level EVER recorded with 469M positioning! The 691 level sits just 0.6 points above (121M), and 689 is 1.4 points below (99M).

Both #1 (690) and #2 (691) are pointing in the same direction (UP). Max Pain at 684 is 6.4 points below us, creating strong upward bias.

Expect choppy pin action around 690 initially. Break and hold above 691 opens 692-695. Lose 689 drops to 687.

Range: 689-691 (tight pin around 690)

NO BIAS – Check Q LEVELS and price action with the Q Algo

⚖️ DISCLAIMER

Educational purposes only. Not financial advice. Trading involves substantial risk of loss. All decisions are your own responsibility. Options trading is high risk and not suitable for all investors.

This is not investment advisory. I’m not calling trades. I’m teaching you to think.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The IKIGAI Algo and any associated indicators, tools, or educational materials are provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. You should consult with a qualified financial advisor before making any trading decisions. Q Levels and affiliated parties are not registered investment advisors, broker-dealers, or financial planners. By participating in this program, you acknowledge that you are solely responsible for your own trading decisions and any resulting gains or losses. No guarantees of profit or specific results are made or implied. All sales are final. Please trade responsibly and only risk capital you can afford to lose.

— Q Levels Trading | Coffee With Q
Trade safe! ☕🚀