📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Wednesday 12.18.24
“An investment in knowledge pays the best interest.”
Benjamin Franklin
Update: Sorry this is late. Levels still very much in play for the day. Had a personal appointment 💫
Plan the trade, trade the plan.
SPY
Decision point rests at 604.00
Bullish: Over 605.10 with 605.90 and 607.00 targets.
Bearish: Below 603.30 with 602.10 and 601.40 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 6046.50
Bullish: Over 6057.80 with 6065.10 and 6076.40 targets.
Bearish: Below 6039.20 with 6027.90 and 6020.60 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 535.50
Bullish: Over 536.70 with 537.40 and 538.50 targets.
Bearish: Below 534.80 with 533.60 and 532.90 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 231.20
Bullish: Over 231.90 with 232.70 and 233.40 targets.
Bearish: Below 230.40 with 229.70 and 228.90 targets.
Weekly levels: 238.20 is resistance; 244.20 and 247.70 are higher resistance targets. 234.70 is support, with further downside at 228.70 and 225.20.