📓 Playbook : SPY/SPX/QQQ OPEX Day
Key Levels 10.18.24
UPDATE: Simplifying.
NOTE: D = Daily. W = Weekly.
FLIPs = key decision points for direction
My goal is for this tool to be as easy to implement as possible, so trying out a data-only approach. I’m going to be experimenting with making these daily levels more straightforward, and will introduce more visuals and insights in a weekend recap of the closing week, with a setup for the upcoming trading week. Appreciate you 👊
Plan the trade, trade the plan.
Daily SPY
Decision point rests at $583.00
Looking for calls over $583.80 with $585.50 and $586.40 trims
Looking for puts below $581.30 with $580.50 and $578.80 trims
Swing ideas:
Price is near the Weekly ▲ at $584.40.
If price moves above $589.20 (W T1+), expect further upside.
If it drops below $570.70 (W ▼), the next support is $561.80 (W T1-).
Daily SPX
Decision point rests at $5,849.20
Looking for calls over $5,858.20 with $5,874.80 and $5,883.70 trims
Looking for puts below $5,832.60 with $5,823.60 and $5,807.00 trims
Swing ideas:
SPX is near the Weekly ▲ at $5,862.60.
A move above $5,910.00 (W T1+) could lead to higher targets.
If it moves below $5,727.30 (W ▼), look for support at $5,639.40 (W T1-).
Daily QQQ
Decision point rests at $492.40
Looking for calls over $493.60 with $495.90 and $497.10 trims
Looking for puts below $490.10 with $488.90 and $486.60 trims
Swing ideas:
QQQ is trading near the Weekly ▲ at $498.30.
A move above $503.20 (W T1+) could extend the upside.
If price falls below $484.70 (W ▼), the next major support is $476.00 (W T1-).