Grandma Edge Newsletter – Coffee With Q

Good morning, traders!

SPY closed at 687.46 yesterday – breaking well above 685 and now sitting just 2.5 points below the major 690 ceiling.

CRITICAL LEVELS:

• Above 690 = major bullish breakout
• Below 685 = bearish back to 680

KEY LEVELS

🟢 RESISTANCE:

• 691 – Upper wall
• 690 – MAJOR ceiling (huge positioning)
• 689 – First resistance

📍 CURRENT: 687.46

🔴 SUPPORT:

• 686 – First support
• 685 – Critical floor
• 684 – Max Pain / Strong support
• 680 – Flip zone (681.2) / Massive puts

💡 TODAY’S SETUP

Strong rally yesterday pushed us from 685 to 687.46 – we’re now sitting just below the 690 ceiling. This is a tight 2.5-point range to the biggest level on the chart.

Break and hold above 690 opens 691+. Lose 685 and we drop back to 684-680.

Range: 685-690 (tight, 690 is the battleground)

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.

— Grandma Q | Coffee With Q
Trade safe! ☕🚀