Grandma Edge Newsletter – Coffee With Q

Good morning, traders!

SPY closed at 676.43 yesterday – OPEX day with massive positioning creating a tight magnet zone.

CRITICAL LEVELS:

• Above 680 = major breakout (unlikely on OPEX)
• Below 675 = major breakdown (unlikely on OPEX)

KEY LEVELS

🟢 RESISTANCE:

• 685 – Upper ceiling
• 682 – Secondary wall
• 680 – MASSIVE ceiling (487M positioning!)
• 678 – First resistance

📍 CURRENT: 676.43

🔴 SUPPORT:

• 677 – Flip zone (677.01) – KEY PIVOT
• 675 – HUGE floor (303M positioning!)
• 673 – Secondary support
• 672 – Strong floor

💡 TODAY’S SETUP

OPEX DAY! We’re sitting at 676.43 – trapped between two massive levels. The 680 level (487M positioning) pulls from above while 675 (303M positioning) pulls from below. Combined, that’s nearly 800M of positioning in just 5 points!

The 677 flip is KEY today. Above flip = push toward 680. Below flip = pull toward 675.

Expect choppy pin action in the 675-680 range. This is OPEX – the market wants to stay in this zone.

Range: 675-680 (OPEX pin zone)

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! ☕🚀