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QQQ & SPY Key Support Levels

This shaded area represents a pretty solid & important support zone for the Q's to defend. Unless the Q's rally back above S1 soon, they are likely headed to at least the top of that support zone (108.90) within the next trading session or so.

QQQ 120-mintute Dec 11th

QQQ 120-mintute Dec 11th

 

SPY needs to hold above the 202.10ish level or will likely see 199.50 or any of the other support levels (light grey lines) between this key support & the 187 critical support level.

SPY 120-minute Dec 11th

SPY 120-minute Dec 11th

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Dec 11, 2015 12:48pm|Categories: Equity Market Analysis|Tags: , , , |2 Comments

2 Comments

  1. GetItRiight December 11, 2015 2:25 pm at 2:25 pm

    Randy, sorry that I act as your proofreader, I think you mean 202.10 for the SPY important level, not 208.10, right?
    As always, thank you for the analysis.

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    • rsotc December 11, 2015 3:43 pm at 3:43 pm

      Correct & thank you! Yes, 202.10 was the level of that horizontal support. As I type with about 20 minute left in the session, the SPY is trading slightly below 202 but with it being Friday, I wouldn’t put too much into a slight intraday break or close below that level although the Q’s will most likely print a solid close below the S1 zone. Thanks for pointing out the typo.

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