Grandma Edge Newsletter – Coffee With Q
Good morning, traders!
SPY closed at 676.43 yesterday – OPEX day with massive positioning creating a tight magnet zone.
CRITICAL LEVELS:
- Above 680 = major breakout (unlikely on OPEX)
- Below 675 = major breakdown (unlikely on OPEX)
KEY LEVELS
🟢 RESISTANCE:
- 685 – Upper ceiling
- 682 – Secondary wall
- 680 – MASSIVE ceiling (487M positioning!)
- 678 – First resistance
📍 CURRENT: 676.43
🔴 SUPPORT:
- 677 – Flip zone (677.01) – KEY PIVOT
- 675 – HUGE floor (303M positioning!)
- 673 – Secondary support
- 672 – Strong floor
💡 TODAY’S SETUP
OPEX DAY! We’re sitting at 676.43 – trapped between two massive levels. The 680 level (487M positioning) pulls from above while 675 (303M positioning) pulls from below. Combined, that’s nearly 800M of positioning in just 5 points!
The 677 flip is KEY today. Above flip = push toward 680. Below flip = pull toward 675.
Expect choppy pin action in the 675-680 range. This is OPEX – the market wants to stay in this zone.
Range: 675-680 (OPEX pin 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! ☕🚀