|
⚠
|
Today's Signal YELLOW LIGHT |
Yellow light today as the market attempts a recovery. Watch those old support – new resistance levels.
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, November 2 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,700.00 |
| Resistance 1 | 7,660.00 |
| Premarket Price | 7,649.00 |
| Support 1 | 7,596.00 |
| Support 2 | 7,548.50 |
 |
Friday's high and low are our levels.
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
+1,639%
An SPX 7,545 put that expired Friday, October 30 opened at $1.40. By the high of the day it traded at $24.35, a $2,295 gain per contract (1,639%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 4.0M Contracts
0DTE SPX volume on Friday, October 30 came in at 4.0M contracts, roughly 28% above the 20-day average of 3.1M. Put activity dominated, with 1.8M calls vs 2.2M puts. The heaviest call volume concentrated at the 7,600, 7,650, 7,580 strikes. On the put side, the 7,550, 7,500, 7,540 strikes saw the most action. The put/call ratio finished at 1.25, a defensive tilt from options traders.
Editor's Note
 |
Licia Leslie 0DTE Analyst, Option Pit |
Inside day here so far as the market tries to make a recovery. If we don't rally immediately after the open we will sell off and take another leg lower. QQQs and SMH have major league gaps that we provide major league resistance. The close will be most important.
Yesterday's Close
|
SPX 7,580.07 -1.82% |
VIX 19.42 +12.91% |
SPY 755.72 -1.77% |
QQQ 690.49 -3.47% |