Date: Wednesday, Nov 26 (Pre-Holiday Session)
Thanksgiving week is historically quieter, narrower, and more “behavior-based” than directional.
But will the holiday bring joy. Let’s break it down.
Ultra (Trader Version) See below.
🔥 1. Structural Read (Analyst Q Interpretation)
SPX spot is around 6775, sitting inside one of the strongest participation zones on the entire chart.
Massive green participation spikes appear at:
- 6775 (very strong)
- 6780
- 6795–6800
Absorption zones / weaker areas:
- 6720–6735
- 6700–6710
- 6655–6685
These are your air pockets if price dips.
🧠 2. Q EDGE Classification for Tomorrow
Current State: RE-UNION → DECISION
Why?
- Strong upward alignment
- No meaningful downside presence
- Clean upward participation lanes
- Extreme spikes near 6775 → 6800
- Time-of-week compression favors upside drift
This is a rare holiday week where flows support continuation rather than contraction.
If SPX holds above 6755, upward lanes remain wide open.
🟢 3. CALL Lanes for Tomorrow (Clean Upside Travel)
Based on your chart, these are the smooth SPX “upstairs”:
- 6755 → 6770
- 6770 → 6780
- 6780 → 6795
- 6795 → 6805
- Above 6805 → thin air / upward drift
These lanes have the least resistance.
🔻 4. PUT Lanes for Tomorrow (Clean Downside Travel)
Downward lanes exist, but they are weaker than the call lanes.
If SPX pulls back:
- 6775 → 6755
- 6755 → 6735
- 6735 → 6720
- 6720 → 6705
Below 6700, downside opens wider — but that requires real pressure, which isn’t present right now.
❌ 5. Chop Zones (Stay Out)
Holiday trading produces weird micro-chop zones.
Tomorrow’s chop bands are clear:
- 6768–6775
- 6785–6790
- 6730–6738
Avoid these unless SPX leaves them first.
⚡ Ultra (Trader Version)
Above 6755 → up lanes open (6775 → 6780 → 6800).
Below 6755 → slips toward 6735–6720.
EDUCATIONAL DISCLAIMER
This analysis is provided for educational purposes only and does not constitute financial advice, investment advice, or trading recommendations. The content presented represents technical analysis of options market structure and price levels based on publicly available data.
All trading and investment activities involve substantial risk of loss. Options trading specifically carries high risk and is not suitable for all participants. Past performance and historical analysis do not guarantee future results. Max Pain and related metrics are theoretical constructs that may not accurately predict actual market behavior.
Readers should conduct independent research and consult with licensed financial professionals before making any investment decisions. The author and Coffee With Q are not registered investment advisors and do not provide personalized investment advice. All trading decisions and their consequences are the sole responsibility of the individual trader.
By reviewing this analysis, you acknowledge that you understand these risks and accept full responsibility for your trading activities.
Coffee With Q – Technical Market Analysis
For educational purposes only