Good morning traders,
Grandma’s looking at the market charts and sees the pilots lining up for a tricky landing.
Both SPX and SPY are still flying in heavy air — lots of pressure underneath and not much clear sky above.
SPX is parked near 6,745, and the biggest turbulence sits between 6,700 and 6,750 — that’s where the market has the most weight right now.
If buyers can’t keep it above 6,750, we could see another dip toward 6,700 (SPY ≈ 670) before the engines calm down.
But if the morning holds steady and price pushes above 6,760–6,770, there’s room for a short climb toward 6,800 (SPY ≈ 678).
Right now, Grandma’s keeping her coffee close and her bias neutral until the open.
She’ll wait to see whether the market’s pilots defend the 6,700–6,725 runway or if they let it drift lower before trying another climb.
🕒 What to Expect
- Early chop: 9:35–10:00 AM ET
- Decision time: 10:00–11:00 AM ET
- Hold above 6,750 → steady lift toward 6,780–6,800.
- Drop under 6,725 → glide lower toward 6,700.
- Hold above 6,750 → steady lift toward 6,780–6,800.
☕ Grandma’s Note
“The market’s flying through cloudy air again.
If the pilots hold the runway near 6,700, expect a gentle lift.
If they miss it, the plane might dip before finding smoother skies.”
⚖️ Educational Disclaimer
This outlook is for educational discussion only and is not financial advice.
Grandma doesn’t predict — she watches how the market moves once the bell rings.
Trade with a plan, use your own judgment, and protect your capital.
Summary:
- Bias: Neutral before open
- Support: 6,700–6,725 (SPY 670–672)
- Resistance: 6,780–6,800 (SPY 678–680)
- Focus: First 60 minutes after the bell — let the market show its hand