📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Thursday 12.19.24
“Be fearful when others are greedy and greedy only when others are fearful.”
Warren Buffett
Update: Added IWM
Plan the trade, trade the plan.
SPY
Decision point rests at 592.90
Bullish: Over 599.90 with 613.40 and 620.40 targets.
Bearish: Below 579.40 with 572.40 and 558.90 targets.
Weekly levels: 607.70, 611.20 and 614.00 are higher resistance targets. 604.90 is short term resistance to retake, with further downside failing 601.40 and 598.60.
SPX
Decision point rests at 5936.90
Bullish: Over 6006.00 with 6139.80 and 6208.90 targets.
Bearish: Below 5803.10 with 5734.00 and 5600.30 targets.
Weekly levels: 6085.90, 6120.60 and 6148.60 are higher resistance targets. 6057.90 is short term resistance to retake, with further downside failing 6023.20 and 5995.20.
QQQ
Decision point rests at 522.50
Bullish: Over 530.00 with 543.30 and 550.80 targets.
Bearish: Below 509.20 with 501.70 and 488.40 targets.
Weekly levels: 536.00, 541.60 and 550.00 are higher resistance targets. 527.60 is short term resistance to retake, with further downside failing 522.00 and 513.60.
IWM
Decision point rests at 224.30
Bullish: Over 229.70 with 238.50 and 243.80 targets.
Bearish: Below 215.50 with 210.10 and 201.40 targets.
Weekly levels: 238.20, 44.20 and 247.70 are higher resistance targets. 234.70 is short term resistance to retake, with further downside failing 228.70 and 225.20.