☕ Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 681.45 on Friday – sitting above the flip and trapped between the two biggest levels on the chart.
💡 TODAY’S SETUP
We’re sitting at 681.45 – right between the two biggest levels: 680 (53.8M) just below and 681 (45.7M) just above. Both levels are pointing in the same direction (UP), which means when we break, we’re likely to move higher toward 683-685.
Expect choppy action in the 680-681 zone initially, then a break toward 683-685. Max Pain at 677 is 4.5 points below us, creating upward pull.
Range: 680-683 (chop then breakout)
CRITICAL LEVELS:
- Above 683 = bullish continuation to 685
- Below 677.5 (flip) = bearish reversal to 675
KEY LEVELS
🟢 RESISTANCE:
- 685 – Upper ceiling
- 683 – Major wall
- 682 – Secondary resistance
📍 CURRENT: 681.45
🔴 SUPPORT:
- 680 – Critical support (biggest level – 53.8M)
- 677.5 – Flip zone (bullish above)
- 677 – Max Pain / Strong floor
- 675 – Secondary support
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! ☕🚀