Good morning, traders,
Grandma’s up early with her coffee and sees both SPX and SPY parked right in the middle of their flight path. SPX closed Friday near 6,728, and SPY around 673 — balanced but fragile. There’s still some drag below the wings, but the sky isn’t falling just yet.
📊 Levels to Watch
| Zone | SPX | SPY | What to Watch For |
| Ceiling / Lift Attempt | 6,760 → 6,780 → 6,800 | 676 → 678 → 680 | Buyers regain altitude if this breaks |
| Middle Band (Balance) | 6,710 – 6,735 | 671 – 674 | Likely chop before direction forms |
| Support / Runway | 6,690 → 6,660 | 669 → 666 | Buyers’ last defense |
| ⚠️ Below | 6,640 | 664 → 662 | Sellers keep control — watch for turbulence |
🕒 Flight Plan
- 9:40 – 10:15 AM ET: Early chop around 6,720–6,740
- Hold above 6,760: Gradual climb toward 6,780–6,800
- Slip below 6,690: Pressure resumes; next landing 6,660–6,640
☕ Grandma’s Note
“The market’s cruising right above the runway. If the pilots can lift it past 6,760, we may glide into clear air. If they dip under 6,690, fasten those seatbelts — it could get bumpy.”
⚖️ Educational Reminder
This outlook is for education only — not buy or sell advice. Grandma never predicts; she observes and waits for confirmation once the bell rings. Trade with discipline and your own flight plan.
Summary:
- Bias: Neutral before open
- Support: 6,690 – 6,660 (SPY 669 – 666)
- Resistance: 6,780 – 6,800 (SPY 678 – 680)
- Focus Window: 9:40 – 10:30 AM ET