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Today's Signal YELLOW LIGHT |
The futures have rolled from the September to December contract so we have new 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 · Tuesday, September 15 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,749.00 |
| Resistance 1 | 7,713.75 |
| Premarket Price | 7,692.25 |
| Support 1 | 7,661.50 |
| Support 2 | 7,638.20 |
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Support is the 20 and 50 day moving averages and resistance is the median line, where we've paused before.
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
+540%
An SPX 7,665 call that expired Monday, September 14 opened at $0.50. By the high of the day it traded at $3.20, a $270 gain per contract (540%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 3.1M Contracts
0DTE SPX volume on Monday, September 14 came in at 3.1M contracts, roughly 15% above the 20-day average of 2.7M. Call and put activity were roughly balanced, with 1.6M calls vs 1.5M puts. The heaviest call volume concentrated at the 7,640, 7,645, 7,635 strikes. On the put side, the 7,630, 7,600, 7,625 strikes saw the most action. The put/call ratio finished at 0.98, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
The chart has changed due to the premium of the December contract vs the September contract which is $67.75. The market is actually unchanged to begin the day. Continue to keep your eye on crude and yields as they are trading higher. The dollar is also trading higher this morning.
Yesterday's Close
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SPX 7,619.98 -0.48% |
VIX 17.10 +7.96% |
SPY 760.88 -0.45% |
QQQ 709.18 -0.80% |