Morning🪵: TSLA Share Price Drove Off of a Cliff in a Robo Taxi, With Techno Music Playing on the Stereo.
SPY / SPX / QQQ Key Levels: Friday 10/11/24
At least the bots can pour everyone a beer ¯\_(ツ)_/¯
NOTE: D = Daily. W = Weekly.
FLIPs = key decision points for direction
Plan the trade, trade the plan.
SPY
Decision point rests at $575.80
Looking for calls over $577.10 with $578.00 and $579.30 trims
Looking for puts below $574.90 with $573.60 and $572.70 trims
Swing ideas:
SPY is positioned above the Weekly FLIP at $570.90.
If price rises above $576.50 (W â–²), it could target $580.00 (W T1+).
If it drops below $567.40 (W â–¼), the next support is $561.80 (W T1-).
SPX
Decision point rests at $5,776.80
Looking for calls over $5,788.80 with $5,797.50 and $5,809.50 trims
Looking for puts below $5,768.20 with $5,756.10 and $5,747.50 trims
Swing ideas:
SPX remains above the Weekly FLIP at $5,730.10.
A move above $5,786.20 (W â–²) could push toward $5,821.20 (W T1+).
If it moves below $5,695.10 (W â–¼), look for support at $5,639.00 (W T1-).
QQQ
Decision point rests at $492.50
Looking for calls over $493.80 with $494.90 and $496.20 trims
Looking for puts below $491.40 with $490.10 and $489.00 trims
Swing ideas:
QQQ is positioned above the Weekly FLIP at $484.40.
A move above $491.40 (W â–²) may target $495.40 (W T1+).
If price breaks below $480.40 (W â–¼), support levels include $473.40 (W T1-).