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Today's Signal YELLOW LIGHT |
We have a slight rally after the PCE data has been released.
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 · Wednesday, September 30 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,813.50 |
| Resistance 1 | 7,779.00 |
| Premarket Price | 7,760.75 |
| Support 1 | 7,713.85 |
| Support 2 | 7,700.25 |
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We are holding the support of the 20 day moving average with our short term down trend line as our resistance.
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
+281%
An SPX 7,635 put that expired Tuesday, September 29 opened at $1.60. By the high of the day it traded at $6.10, a $450 gain per contract (281%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 2.9M Contracts
0DTE SPX volume on Tuesday, September 29 came in at 2.9M contracts, roughly 1% below the 20-day average of 2.9M. Call and put activity were roughly balanced, with 1.5M calls vs 1.4M puts. The heaviest call volume concentrated at the 7,680, 7,700, 7,685 strikes. On the put side, the 7,650, 7,660, 7,655 strikes saw the most action. The put/call ratio finished at 0.96, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
I believe we will trade in this tight range until the unemployment figures come on Friday and perhaps then the market can reveal it's trend. It has been very resilient with yields, crude and the dollar rising with bullishness coming from the AI sector.
Yesterday's Close
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SPX 7,670.84 -0.17% |
VIX 16.04 -0.19% |
SPY 764.20 -0.18% |
QQQ 737.93 +0.19% |