📓 Playbook : SPY/SPX/QQQ
Key Levels Thursday 11.7.24
Focusing on larger context levels today for FOMC and beyond.
Plan the trade, trade the plan.
SPY
Weekly Decision point rests at 574.30
Bulls remain in control over 580.20 with 589.20 and 595.00 key levels.
Monthly resistance levels to watch are 594.20 and 602.20.
Bearish below 565.30 with 559.40 and 550.40 targets.
573.30 is the monthly flip; a drop below here could target 560.50 and further downside at 552.50 and 539.60.
SPX
Weekly Decision point rests at 5760.90
Bulls remain in control over 5818.90 with 5909.00 and 5967.00 key levels.
Monthly resistance levels include 5957.10 and 6035.70.
Bearish below 5670.90 with 5612.80 and 5522.80 targets.
Monthly flip at 5752.60 marks a critical level; a move below could target 5626.70, with further downside at 5548.10 and 5422.30.
QQQ
Weekly Decision point rests at 490.80
Bulls remain in control over 497.90 with 508.40 and 515.50 key levels.
Monthly resistance levels to monitor are 511.50 and 521.60.
Bearish below 480.30 with 473.20 and 462.70 targets.
Monthly flip at 487.50 is key; a break below could lead to 473.70, with further support at 463.60 and 449.70.