☕ Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 672.18 yesterday – sitting right on a massive support level with Max Pain pulling from above.
CRITICAL LEVELS:
- Above 678 = bullish toward 680
- Below 672 = bearish to 670
KEY LEVELS
🟢 RESISTANCE:
- 684 – Upper wall
- 682 – Secondary ceiling
- 681 – First resistance
- 680 – Major wall
- 678 – Max Pain / Flip zone (678.96)
📍 CURRENT: 672.18
🔴 SUPPORT:
- 672 – Critical floor (massive puts)
- 670 – Strong support
- 660 – Major floor
💡 TODAY’S SETUP
We’re sitting right on 672 – a massive support level with heavy put positioning. Max Pain at 678 is pulling from 6 points above, creating upward bias.
This setup favors a grind toward 678. Hold 672 and we push toward Max Pain. Lose 672 and we drop quickly to 670.
Range: 672-678 (upward bias toward Max Pain)
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! ☕🚀