Morning🪵: Goldman Jumps on Earnings as They Prepare to Sach Apple and GM Credit Business
SPY / SPX / QQQ Key Levels: Tuesday 10/15/24
NOTE: D = Daily. W = Weekly.
FLIPs = key decision points for direction
Plan the trade, trade the plan.
Daily SPY
Decision point rests at $584.30
Looking for calls over $585.30 with $586.30 and $587.30 trims
Looking for puts below $583.30 with $582.30 and $581.40 trims
Swing ideas:
Price is near the Weekly ▲ at $584.40.
If price moves above $589.20 (W T1+), expect further upside.
If it drops below $570.70 (W ▼), the next support is $561.80 (W T1-).
Daily SPX
Decision point rests at $5,861.40
Looking for calls over $5,869.80 with $5,879.80 and $5,888.10 trims
Looking for puts below $5,851.40 with $5,843.00 and $5,833.00 trims
Swing ideas:
SPX is near the Weekly ▲ at $5,862.60.
A move above $5,910.00 (W T1+) could lead to higher targets.
If it moves below $5,727.30 (W ▼), look for support at $5,639.40 (W T1-).
Daily QQQ
Decision point rests at $497.70
Looking for calls over $498.50 with $499.40 and $500.30 trims
Looking for puts below $496.80 with $496.00 and $495.10 trims
Swing ideas:
QQQ is trading near the Weekly ▲ at $498.30.
A move above $503.20 (W T1+) could extend the upside.
If price falls below $484.70 (W ▼), the next major support is $476.00 (W T1-).