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Today's Signal YELLOW LIGHT |
Yellow light today as we need to break below the lows of Thursday and Friday to trade lower.
Signal by Licia Leslie
| GREEN: High probability of the market moving higher. |
| YELLOW TODAY: Be cautious when making a directional trade. |
| RED: High likelihood of the market dropping. |
Today's Levels
S&P Futures Key Levels · Monday, September 14 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,661.50 |
| Resistance 1 | 7,636.00 |
| Premarket Price | 7,615.00 |
| Support 1 | 7,584.75 |
| Support 2 | 7,548.50 |
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The 50 day moving is the high of our session so far acting as resistance. Our support is the lows of Thursday and Friday.
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 6,500 put that expired Friday, September 11 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: 2.8M Contracts
0DTE SPX volume on Friday, September 11 came in at 2.8M contracts, roughly 3% above the 20-day average of 2.7M. Call and put activity were roughly balanced, with 1.3M calls vs 1.4M puts. The heaviest call volume concentrated at the 7,670, 7,675, 7,680 strikes. On the put side, the 7,660, 7,665, 7,670 strikes saw the most action. The put/call ratio finished at 1.07, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
So far this morning we have a harami candle which is an inside day negating the bullishness of Friday's candle. MACD is just crossing the zero line on the histogram, which is bearish. Once we break below the lows of the last two days, we will drop pretty quickly to $7548.50.
Yesterday's Close
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SPX 7,656.98 +0.86% |
VIX 15.84 -11.20% |
SPY 764.29 +0.85% |
QQQ 714.88 +0.87% |