📓 Playbook : SPY/SPX/QQQ
Key Levels Tuesday 11.12.24
“Fear is a far more dominant force in behavior than euphoria”
Alan Greenspan
Plan the trade, trade the plan.
SPY
Decision point rests at 598.40
Bullish over 599.20 with 599.70 and 600.50 targets.
609.30 is a weekly resistance level to watch if the price breaks higher.
Bearish below 598.00 with 597.10 and 596.70 targets.
588.60 is the weekly flip; falling below here could target 577.60.
SPX
Decision point rests at 5999.10
Bullish over 6005.70 with 6010.20 and 6016.80 targets.
6106.50 is a weekly resistance level for further upside.
Bearish below 5994.60 with 5988.00 and 5983.50 targets.
5901.50 is the weekly flip; dropping below this level may lead to 5790.60.
QQQ
Decision point rests at 513.20
Bullish over 514.50 with 515.30 and 516.60 targets.
524.50 is a weekly resistance level to monitor for continuation.
Bearish below 512.50 with 511.10 and 510.40 targets.
504.40 is the weekly flip; a break below could target 493.90.