☕ Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 681.59 on Friday – trading below Max Pain and sitting between two key levels.
CRITICAL LEVELS:
- Above 683 = bullish toward 685
- Below 680 = bearish drop to 670
KEY LEVELS
🟢 RESISTANCE:
- 690 – Upper ceiling
- 689 – Secondary wall
- 685 – Max Pain / Major resistance
- 683 – Critical ceiling (biggest positioning)
📍 CURRENT: 681.59
🔴 SUPPORT:
- 682 – Flip zone (682.08)
- 680 – Strong floor (heavy puts)
- 670 – Major support
💡 TODAY’S SETUP
We’re sitting at 681.59 – trapped between 680 support and 683 resistance. Max Pain at 685 is pulling from above. This creates a tight 3-point battle zone.
Break and hold above 683 opens the path to 685. Lose 680 and we drop quickly to 670.
Range: 680-683 (tight 3-point range)
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! ☕🚀