📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Wednesday 12.11.24
“Concentration is the secret of strength in politics, in war, in trade, in short, in all management of human affairs.”
Ralph Waldo Emerson
Update: Added IWM
Plan the trade, trade the plan.
SPY
Decision point rests at 603.20
Bullish: Over 604.30 with 605.70 and 606.80 targets.
Bearish: Below 601.80 with 600.70 and 599.30 targets.
Weekly levels: 610.50 is resistance; 613.10 and 617.20 are higher resistance targets. 606.40 is support, with further downside at 603.70 and 599.70.
SPX
Decision point rests at 6039.70
Bullish: Over 6049.50 with 6064.00 and 6073.90 targets.
Bearish: Below 6025.20 with 6015.40 and 6000.80 targets.
Weekly levels: 6115.60 is resistance; 6141.10 and 6182.20 are higher resistance targets. 6074.50 is support, with further downside at 6049.00 and 6007.90.
QQQ
Decision point rests at 520.70
Bullish: Over 522.20 with 523.90 and 525.50 targets.
Bearish: Below 519.00 with 517.50 and 515.80 targets.
Weekly levels: 532.00 is resistance; 537.40 and 548.10 are higher resistance targets. 521.30 is support, with further downside at 515.90 and 505.20.
IWM
Decision point rests at 237.30
Bullish: Over 238.20 with 239.50 and 240.40 targets.
Bearish: Below 236.00 with 235.10 and 233.80 targets.
Weekly levels: 241.90 is resistance; 244.70 and 246.80 are higher resistance targets. 239.80 is support, with further downside at 236.90 and 234.90.