SPY Levels & Game Plan
Wednesday, November 26, 2025
8:32 AM - The bulls have done a good job getting above strong resistance areas since the November 20 drop. This puts current price right near the top of that breakdown candle from a week ago, Thursday, November 20. If they can stay on top of and close today above 676.00, then the bulls could be in decent shape leading into December. But the futures will be open some of the time when the equites markets will be closed for the Thanksgiving holiday. So, we could wake up to something interesting looking on Monday morning, December 1. The area around SPY 676.00 is a important place that needs to be defended for prices to be able to climb more.
If they continue to grind higher today, we have levels above current price that should provide decent overhead resistance. They are designed for base hit trades if you choose to trade against them. Getting under 676.71, which is the official axis level for today, and there is room for the bears to try to pull price down more. I have nothing on the board lower until 668.60 that I feel comfortable with including as official levels for today.
It’s the day before a major US holiday. Anything can happen at any time in the market, but typically a day like today should be slow. If you’re trading today, just be aware of your surroundings and the big picture. I’ll be back on Monday, December 1 with a new Game Plan and levels – although I’m considering doing something I’ve never published before, and providing levels in the ES for tomorrow and Friday. We’ll see how it goes. Otherwise, trade well today, and I’ll be back on Monday.
After the closing bell...
Trading by the Ticks & Trades Strategy, here is where you would have landed for the day:
Two levels worked very well today. And if you followed the Game Plan, you may have been able to pull a lot more than just a couple Base Hits by riding the momentum off 676.61. Sticking to the rules, and taking only 4 point Base Hits, the first trade was a long at 676.71. It was the money trade. The low of the day was 676.72, which meant your operating level at 676.77 would have triggered the long trade. Way more than a Base Hit in a short amount of time. The next trade was a short at 681.42. That's where the SPY stalled out, giving you another Base Hit trade as price pulled back from that resistance area.
Per the rules, a total of 8 ES points for the day.
Tracking log to-date for 2025:
