✅ Morning Levels + Setup (Tues, Aug 20)
Could be, Monday gave us the setup.
I’m watching building permits at 8:30. If those come in hot, it’s a signal housing’s holding up → stronger consumer → rate hike odds perk up → possible dollar spike → pressure on QQQ.
VIX is still asleep at 14.98, but if that creeps over 16.50, tone changes fast. Complacency’s real ,use it.
SPY levels I care about today:
646.40 = upside line in the sand
642.50 = support to hold
638 / 632 = where I’d aim puts if things unwind
Not overthinking it, waiting for price to confirm.
Could be, Monday gave us the setup.
I’m watching building permits at 8:30. If those come in hot, it’s a signal housing’s holding up → stronger consumer → rate hike odds perk up → possible dollar spike → pressure on QQQ.
VIX is still asleep at 14.98, but if that creeps over 16.50, tone changes fast. Complacency’s real ,use it.
SPY levels I care about today:
646.40 = upside line in the sand
642.50 = support to hold
638 / 632 = where I’d aim puts if things unwind
Not overthinking it, waiting for price to confirm.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.