SPY opened Monday trapped between $680 support and $681 resistance after closing Friday at $681.45. A breakout above $683 points toward $685, while a drop below $677.50 signals a move toward $675. Let price action at these Q levels guide your trades.
SPY is starting the week above the flip and trapped between the 2 biggest levels on the chart. SPY closed Friday at $681.45, sitting right between the 2 largest positioning levels—680 below and 681 above. Both of these major levels are pointing in the same direction: up. When that happens, breaks tend to resolve higher. Expect choppy action inside the 680 to 681 zone early. Once we break, the path opens higher toward 683 to 685. Above 683 gives bullish continuation toward 685. A loss of the 677.5 flip would signal a bearish reversal toward 675. 680 is the critical support with the biggest positioning. Max Payne sits down at 677, over 4 points below, creating upward pull. We're in a 680 to 683 range. Chop first, then expansion. No bias, let the Q levels and price action lead. Educational only, not financial advice.
