Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 684.62 yesterday – trapped between two massive levels creating a tight chop zone.
KEY LEVELS
🟢 RESISTANCE:
- 690 – Upper ceiling
- 688 – Secondary wall
- 687 – First resistance
- 686 – Break point
- 685 – Critical ceiling (huge positioning)
📍 CURRENT: 684.62
🔴 SUPPORT:
- 683 – Major floor (massive positioning)
- 682 – Flip zone (681.94)
- 680 – Strong support
💡 TODAY’S SETUP
The 683-685 range is THE story today. We’re sitting at 684.62 – right in the middle of two massive levels pulling from both sides. This creates a chop zone with whippy, range-bound action expected.
Max Pain sits at 685 adding upward pull, but 683 fights it from below.
Break and hold above 685 opens 686-687. Lose 683 and we drop quickly to 680.
Range: 683-685 (tight chop 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! ☕🚀