12/11 Weekly Trade Plan
SPY SPX QQQ
SPY
The Market Makers (MMs) weekly implied move is $6.99
Upper range = 467.19
Lower range = 453.21
On the monthly profile we are starting to lift off of November’s value area specially the VAH at 458.32. Last week we said that bulls needed to break that level in order to see 462+. Now they need to defend it, also take note that there are no monthly levels above this level that have not already been breached. Meaning, as long as we stay above the 458 area, we can target ATH 479.98+. If the bulls fail to defend the 458-455 level, we could see a retest of 445.98 (September’s POC). Let’s go break down the weekly levels.
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