Old Resistance Becomes New Support — Here’s Why It Matters

By Licia Leslie

October 26, 2025

Hi Shoppers,


We have just begun our next leg higher, here it is on the S&P 500 Emini Futures chart:

We just cleared the previous all time highs with the relative strength index looking very bullish and the MACD just today (Friday) crossing bullish.

 

As I said before, $6800, which we’ve hit, and now on to $7000.

 

Remember, the old high was resistance and is now support — old resistance = new support.

 

Below there support at the median line is at $6762.75.

 

Trade Review

 

I still think Tesla (TSLA) trades higher as long as it holds $425.

 

Thank You For Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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