📓 Playbook : SPY/SPX/QQQ
Key Levels Wednesday 10.23.24
“If you can't describe what you are doing as a process, you don't know what you're doing.”
W. Edwards Deming
Plan the trade, trade the plan.
Daily SPY
Decision point rests at 583.50
Bullish over 584.40 with targets at 585.40 and 586.20
Bearish under 582.50 with targets at 581.60 and 580.60
Swing ideas:
Price is near a key weekly level at 583.10
If price moves higher, resistance levels to watch are 587.70 and 590.70
If price drops below 583.10, potential support levels are 580.10 and 575.50
Daily SPX
Decision point rests at 5,853.10
Bullish over 5,861.20 with targets at 5,871.10 and 5,879.20
Bearish under 5,843.20 with targets at 5,835.10 and 5,825.10
Swing ideas:
Price is near a key weekly level at 5,849.20
If price rises, resistance levels to watch are 5,893.90 and 5,923.20
If price falls below 5,849.20, potential support levels are 5,819.90 and 5,775.20
Daily QQQ
Decision point rests at 496.20
Bullish over 497.30 with targets at 498.60 and 499.70
Bearish under 495.00 with targets at 493.80 and 492.60
Swing ideas:
Price is near a key weekly level at 493.60
If price moves higher, resistance levels to watch are 499.60 and 504.90
If price drops below 493.60, potential support levels are 488.40 and 482.30