Morning🪵: WeightWatchers—Thanks to GLP-1, You Can Shed Weight While the Stock Price Gets Thick
SPY / SPX / QQQ Key Levels: Wednesday 10/9/24
Forget counting calories—count those gains as WW flexes its drug game
NOTE: D = Daily. W = Weekly.
FLIPs = key decision points for direction
Plan the trade, trade the plan.
SPY
Decision point rests at $572.70
Looking for calls over $574.30 with $575.40 and $577.00 trims
Looking for puts below $571.60 with $570.00 and $568.90 trims
Swing ideas:
Price is near the Weekly FLIP at $570.90.
If it moves above $576.50 (W ▲), expect further upside.
If it drops below $567.40 (W ▼), targets are $561.80 (W T1-) and $558.30 (W T2-).
SPX
Decision point rests at $5,746.90
Looking for calls over $5,762.00 with $5,772.70 and $5,787.80 trims
Looking for puts below $5,736.20 with $5,721.10 and $5,710.40 trims
Swing ideas:
SPX is near the Weekly FLIP at $5,730.10.
A move above $5,786.20 (W ▲) could push higher.
If it falls below $5,695.10 (W ▼), watch for support at $5,639.00 (W T1-).
QQQ
Decision point rests at $488.70
Looking for calls over $490.70 with $492.00 and $494.00 trims
Looking for puts below $487.40 with $485.40 and $484.10 trims
Swing ideas:
Price remains close to the Weekly FLIP at $484.40.
An upward move could target $491.40 (W ▲).
If it breaks below $480.40 (W ▼), next targets are $473.40 (W T1-).
