|
✓
|
Today's Signal GREEN LIGHT |
I am giving us a green light today as the futures are trading higher. I am still cautious with the bond yields trading back to the highs of Jul31.
Signal by Licia Leslie
| GREEN TODAY: High probability of the market moving higher. |
| YELLOW: Be cautious when making a directional trade. |
| RED: High likelihood of the market dropping. |
Today's Levels
S&P Futures Key Levels · Tuesday, August 11 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,844.00 |
| Resistance 1 | 7,820.25 |
| Premarket Price | 7,788.25 |
| Support 1 | 7,726.25 |
| Support 2 | 7,643.75 |
 |
We are breaking out above the 7785.25 resistance which will become support with a close above.
How to Use Today's Levels
Red = resistance: watch for price to stall or reverse; a clean break above is bullish.
Green = support: watch for price to hold or bounce; a break below is bearish.
The center row is the premarket reference point for the session. Trade in the direction of today's signal.
The Number
+560%
An SPX 7,610 put that expired Monday, August 10 opened at $0.25. By the high of the day it traded at $1.65, a $140 gain per contract (560%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 2.2M Contracts
0DTE SPX volume on Monday, August 10 came in at 2.2M contracts, roughly 25% below the 20-day average of 2.9M. Call and put activity were roughly balanced, with 1.1M calls vs 1.1M puts. The heaviest call volume concentrated at the 7,760, 7,755, 7,770 strikes. On the put side, the 7,750, 7,745, 7,740 strikes saw the most action. The put/call ratio finished at 1.01, a fairly neutral read from the options market.
Editor's Note
 |
Licia Leslie 0DTE Analyst, Option Pit |
The futures are looking bullish over 7785.25. From there they will trade to the high of Aug5. Only a break below 7726.25 can take us lower.
Yesterday's Close
|
SPX 7,753.11 -0.06% |
VIX 15.46 +3.76% |
SPY 773.03 -0.03% |
QQQ 720.87 -0.30% |