By Licia Leslie
November 14, 2025
Hi Shoppers,
Nice sell off yesterday.
Totally had me fooled in the morning as I thought we could easily recover and close over that 21 day moving average on the S&P 500 Emini Futures:
The 21 day moving average lines up very well with the median line of my pitchfork providing some pretty good support.
Now that we’ve closed below that support, it looks like we will be testing the 50 day moving average at $6736.31.
Keep your eye on that level tomorrow and below there support is at $6624.75.
Remember if we rally that old support will now be new resistance at $6823.50.
Trade accordingly!
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain