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Today's Signal GREEN LIGHT |
All systems go, making new highs.
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, October 6 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 8,028.00 |
| Resistance 1 | 7,905.50 |
| Premarket Price | 7,858.75 |
| Support 1 | 7,830.75 |
| Support 2 | 7,754.75 |
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We are making new highs this morning and our price target is now the top of the channel which we have an 80% chance of trading to.
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
+1,870%
An SPX 7,775 call that expired Monday, October 5 opened at $1.00. By the high of the day it traded at $19.70, a $1,870 gain per contract (1,870%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 3.1M Contracts
0DTE SPX volume on Monday, October 5 came in at 3.1M contracts, roughly 3% above the 20-day average of 3.0M. Call and put activity were roughly balanced, with 1.6M calls vs 1.5M puts. The heaviest call volume concentrated at the 7,780, 7,785, 7,775 strikes. On the put side, the 7,770, 7,750, 7,760 strikes saw the most action. The put/call ratio finished at 0.95, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
I have been wrong pounding the table over the higher yields. As we can see stocks can trade higher in a higher yield environment with confidence in economic growth and AI infrastructure buildout. That AI capital demand has helped push those yields higher. Crude may be breaking below support today.
Yesterday's Close
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SPX 7,773.95 +0.66% |
VIX 15.52 +1.37% |
SPY 774.83 +0.67% |
QQQ 756.20 +0.88% |