Good morning, traders!
SPY closed at 681.53 yesterday.
KEY LEVELS
🟢 RESISTANCE:
- 685 – Major ceiling
- 684 – Secondary wall
- 683 – First resistance
🔴 SUPPORT:
- 680 – Critical level / Max Pain
- 679 – Flip zone (678.67)
- 675 – Strong floor
💡 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
⚖️ 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! ☕🚀