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Today's Signal GREEN LIGHT |
I am giving us the green light today as we trade slightly above our 7780 resistance with crude and bond yields pulling back.
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 · Thursday, August 13 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,900.00 |
| Resistance 1 | 7,854.00 |
| Premarket Price | 7,787.25 |
| Support 1 | 7,726.25 |
| Support 2 | 7,651.75 |
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Our first lines of support and resistance are the edges of this very tight range we've been trading in since August 5th.
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
+200%
An SPX 7,545 put that expired Wednesday, August 12 opened at $0.05. By the high of the day it traded at $0.15, a $10 gain per contract (200%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 2.0M Contracts
0DTE SPX volume on Wednesday, August 12 came in at 2.0M contracts, roughly 30% below the 20-day average of 2.9M. Call and put activity were roughly balanced, with 1.0M calls vs 1.0M puts. The heaviest call volume concentrated at the 7,760, 7,755, 7,750 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
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Licia Leslie 0DTE Analyst, Option Pit |
We need to break away from this tight range to get a move going. Looks like it will be to the upside today. Continue to keep your eye on the bond yields and crude.
Yesterday's Close
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SPX 7,748.50 +0.26% |
VIX 14.55 -4.78% |
SPY 772.49 +0.25% |
QQQ 723.70 +0.73% |