Here is a snapshot of the key resistance & support levels I am seeing as we cross halfway through October 2023
SPY
Minor Resistance: 438.64 (gap-fill)
Major Resistance: 445.70 (lower-high TL)
Minor Support: 418.31 (2/23 pivot high)
Major Support: 416.40 – 410.50 (converging lower-low TL + former bull channel floor TL)
QQQ — new, downsloping parallel channel officially formed over the last 15-days)
Channel Resistance: 373.50 (lower-high TL)
Channel Support: 348.15 (lower-low TL)
Major Support: 334 (convergence of 8/16/22 pivot high + Oct 2022 upsloping TL + 200 DMA)
IWM
Major Resistance: 182 – 183 (convergence of lower-high TL + H&S neckline)
Major Support: 162.78 (triple bottom)
I hope everyone is having a good October and best of luck for the remainder of the month.
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