Good morning, traders!
SPY closed at 681.53 yesterday.
KEY LEVELS
š¢ RESISTANCE:
- 685 – Major ceiling
- 684 – Secondary wall
- 683 – First resistance
š“ SUPPORT:
- 680 – Critical level / Max Pain
- 679 – Flip zone (678.67)
- 675 – Strong floor
š” TODAY’S SETUP
The 680 level is key today – massive positioning there. Trading just above at 682. Break and hold above 683 opens the door to 685. Lose 680 and we target 675.
Range: 680-685
YESTERDAY’S PERFORMANCE
Nailed it! Called the 677-685 range and 682 as key resistance. Market stayed within range all day, tested 682 multiple times, closed at 681.53.
NO BIAS – Check Q LEVELS and price action with the Q Algo
āļø 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.
ā Grandma Q | Coffee With Q
Trade safe! āš