📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Thursday 12.12.24
“I can accept failure. Everybody fails at something. But I can't accept not trying. Fear is an illusion.”
Michael Jordan
Update: Added IWM
Plan the trade, trade the plan.
SPY
Decision point rests at 607.10
Bullish: Over 608.70 with 610.00 and 611.60 targets.
Bearish: Below 605.80 with 604.20 and 602.80 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 6079.00
Bullish: Over 6097.90 with 6111.40 and 6130.30 targets.
Bearish: Below 6065.40 with 6046.60 and 6033.00 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 528.40
Bullish: Over 532.20 with 534.40 and 538.20 targets.
Bearish: Below 526.20 with 522.40 and 520.20 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 238.00
Bullish: Over 239.20 with 240.50 and 241.60 targets.
Bearish: Below 236.70 with 235.50 and 234.30 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.