🚨 URGENT PRE-MARKET ALERT: SPY & QQQ Trade Setups!

Good morning, traders. It's Wednesday, December 31st at 4:32 a.m. All right. Hopefully everybody's got a happy New Year planned. It's a full trading day today. We're closed tomorrow. So enjoy yourselves tonight and you can't trade with one bloodshot eye half open. Everybody knows that. So it's the last day of the year. So mind your P's and Q's and let's start 2026 with a bang. All right. I've got the SPY and I've got the QQQ. QQs for you today. So let's have a look, uh, standard last month looking at these. And so we have these prints around here, we've, we've consolidated on that, and you can see what's happened. There's been larger prints here pulling back, pushing up to new highs, and then pulling back. So what happened up here is we wound up getting a 2.6 million on the 29th And so we're pulling back from that a little bit. So we've got these prints here to test, and you can see this is the daily candle forming as well. So we've got these moving averages, these prints down here about $685. We've got my 15 and 20 moving averages, and then we can come back down here and test this low down to $681 on the shorter time frame. If any of these hold and we can start moving up to make a higher high, we just have to get above $690 again. This is kind of snaking, you know, because we've got this double top here, a triple top almost here. It's forming a wedge essentially. So what we need to do is close strong above 690 in order to, in order to continue moving forward. But if we close below the 679 area, I think we can come down quite a bit lower. All right, so let's map this out. You can see already that this is a Slicer sort of situation here. The upside is very difficult. So anyway, this is a scalping thing, so just be careful. Remember, there's low liquidity, so you got to take your profit where you can, right? It's a sideways market. Look at this. The overall trend is up on the, on the larger, larger time frame, but here, look at these smaller moves, right? There's not a lot going on, so just be careful. And if you're gonna trade, then scalp what you can. You know, if you can get 50 cents or a dollar or something on this one, Then by all means do that. Just be careful of the environment you're in. We're gonna be bullish above 688.25. So I mentioned this cheese grater sort of thing. Let's get above here, right? Because when this 688.25—I know this is almost three dollars away—it's the safest trade, right? Because if we're looking at major levels like 50 cents, dollar, 250 and things, and we're Where are you going to get in with all your moving averages and stuff? So if you got in at like $686, there's only 20 cents. I then and so on a $600 stock, you're not. It's it's not very viable. And if you're trading options as well, so what we want is the safest entry. And I know this is a little bit away away. I've got my 50 simple. I've got my peanut butter and jelly right here, which is all resistance. And then the only thing here is six six eighty seven fifty to six eighty eight ten. This is 50 cents here, which is kind of. Kind of tight, but we see that we couldn't make that back here as well. So that's another test. So what we want is the break of this and the retest and then start moving higher. Then we can start making some pennies on the upside. So $688.25, I figured before I got bastardized in the comments for having such a wide range, I would cover that. And target 688.50, 680, 689 is the 6.8 million share trade. That's massive, and it's also a cam. And then 689.36 is R2, 690, 691.33 is R3, and then 692 and 693.30 31 is R4, 695. 28 is R5. So here's the thing, we get out if we can, if we can break above this, then you've got some room to the upside. It's just that everything's squeezed in here at the moment. So we're going to be bearish below 685. Let's get below here. Let's get below this cam. Let's start making a new low. Target 684.51, 684, 683. 43 is S3, 682.50, 681.78. Look at the 6 million shares, 681.60. Here is 3 million, and then we've got 681.46. We've got this as massive support, so we want to see if the institutions bounce here and start moving it back up. So we'll have to reevaluate when the market opens if we come back down there. And then we've got 679.48, which is this S5 here. It's also my 30 simple moving average on the daily chart, so just be careful of this on the way down. Okay, next up is the QQQs. Okay, so the QQQs, same thing going back a month. We can see here this is the, uh, December 8th for the largest. So we had this consolidation breakdown, new print similar to the SPY, and then we had this bullish sort of trend. This did not make a new high, and so we're pulling back. We've got— we're sitting on the 50 simple moving average here and testing some prints. So on this, we could pull back a little bit more. We'll see. Or if we're going to break above, we got to close above these prints here, 625 area. And so this here also is, is a supply area. So we want to close above 630 if we can for a longer, longer term, you know, bullish entry for that. But this looks a little bit ominous at best. So yeah, look at this cheese grater situation we've got here. We're going to be bullish above 617.50. So let's get above Here we're consolidating here. So see, we tagged this print, this 1.7 million. We tagged this, we pulled back, and we're starting to move up a little bit. So 617.50 here. Let's see if we can get to 617.80, 618, 618.37 is S1, 618.61, 618.89, 619.16. So this 619.16 here is also the 4 and the 8 exponential moving average on the daily. This, it's, it's a very, very strong moving average on the short term. So just be careful of that. This might be, it might come up here and then start turning down again. So we'll see. Then 619.50, 619.70 is a CAM, 619.97 is also a CAM. Up here, and then 620.25 is R3 and the pivot. Now here also for resistance is we've got my peanut butter and jelly, my 200 exponential, 200 simple moving average. So this will be tight here. So just remember, it's a tight scalping day for this. We're going to be bearish below 616.40. Let's get below these prints here because these are support. At the moment, 616.40, target 616, 615, 614.35. So see, look at the difference here. We break down this area, then we've got a nice run down here, and then below that we've got 613, 612.09. Zoom in here. So here, uh, 2 different dates. Look, well, look at 3 December 19th, December 17th, we've got 2, 3, 4, 5.7 million shares here within a penny of each other on 2 different trading days. So 612.09 is a massive level, and then we've got 611.38 is S4, then we've got 609.32 and 608.42 is S5. So There you have it. Let's get your trading skills on if you're gonna trade. Otherwise, to just take the day off. You've had a great month. It's the last day of the year. Don't blow it. Mind your P's and Q's. Trade responsibly into the new year. All right, happy trading everyone. I'll be back later this afternoon with our results video, and we'll see you in the new year.