Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 684.62 yesterday – trapped between two massive levels creating a tight chop zone.
KEY LEVELS
š¢ RESISTANCE:
- 690 – Upper ceiling
- 688 – Secondary wall
- 687 – First resistance
- 686 – Break point
- 685 – Critical ceiling (huge positioning)
š CURRENT: 684.62
š“ SUPPORT:
- 683 – Major floor (massive positioning)
- 682 – Flip zone (681.94)
- 680 – Strong support
š” TODAY’S SETUP
The 683-685 range is THE story today. We’re sitting at 684.62 – right in the middle of two massive levels pulling from both sides. This creates a chop zone with whippy, range-bound action expected.
Max Pain sits at 685 adding upward pull, but 683 fights it from below.
Break and hold above 685 opens 686-687. Lose 683 and we drop quickly to 680.
Range: 683-685 (tight chop zone)
NO BIAS – Check Q LEVELS and price action with the Q Algo
āļø 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.
ā Grandma Q | Coffee With Q
Trade safe! āš