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