📓 Playbook : SPY/SPX/QQQ/IWM
Key Levels Friday 12.20.24
Repeating this one:
“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 586.30
Bullish: Over 588.70 with 593.40 and 595.80 targets.
Bearish: Below 581.60 with 579.20 and 574.50 targets.
Weekly levels: 605.70 is resistance; 609.20 and 612.00 are higher resistance targets. 602.90 is support, with further downside at 599.40 and 596.60.
SPX
Decision point rests at 5889.60
Bullish: Over 5913.10 with 5959.10 and 5982.60 targets.
Bearish: Below 5843.70 with 5820.20 and 5774.20 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 515.80
Bullish: Over 517.80 with 521.50 and 523.40 targets.
Bearish: Below 512.10 with 510.20 and 506.50 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 221.20
Bullish: Over 223.10 with 226.30 and 228.20 targets.
Bearish: Below 218.00 with 216.10 and 212.90 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.