📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Monday 12.16.24
“The way to get started is to quit talking and begin doing.”
Walt Disney
Update: Added IWM
Plan the trade, trade the plan.
SPY
Decision point rests at 604.70
Bullish: Over 606.60 with 609.00 and 610.90 targets.
Bearish: Below 602.30 with 600.40 and 598.00 targets.
Weekly levels: 607.70 is resistance; 611.20 and 614.00 are higher resistance targets. 604.90 is support, with further downside at 601.40 and 598.60.
SPX
Decision point rests at 6055.10
Bullish: Over 6074.40 with 6097.90 and 6117.20 targets.
Bearish: Below 6031.60 with 6012.30 and 5988.80 targets.
Weekly levels: 6085.90 is resistance; 6120.60 and 6148.60 are higher resistance targets. 6057.90 is support, with further downside at 6023.20 and 5995.20.
QQQ
Decision point rests at 530.30
Bullish: Over 533.30 with 536.20 and 539.20 targets.
Bearish: Below 527.40 with 524.40 and 521.60 targets.
Weekly levels: 536.00 is resistance; 541.60 and 550.00 are higher resistance targets. 527.60 is support, with further downside at 522.00 and 513.60.
IWM
Decision point rests at 232.90
Bullish: Over 233.30 with 233.70 and 234.10 targets.
Bearish: Below 232.60 with 232.10 and 231.80 targets.
Weekly levels: 238.90 is resistance; 244.90 and 248.40 are higher resistance targets. 235.40 is support, with further downside at 229.40 and 225.90.