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Today's Signal YELLOW LIGHT |
I am giving us the yellow light today as we trade between our support and resistance levels and need the price to reveal itself as to the next direction we are heading.
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 · Friday, September 25 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,834.00 |
| Resistance 1 | 7,786.00 |
| Premarket Price | 7,775.00 |
| Support 1 | 7,754.75 |
| Support 2 | 7,700.25 |
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Watch for a close above or below our median line at $7786.
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
+727%
An SPX 7,735 call that expired Thursday, September 24 opened at $0.75. By the high of the day it traded at $6.20, a $545 gain per contract (727%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 3.3M Contracts
0DTE SPX volume on Thursday, September 24 came in at 3.3M contracts, roughly 14% above the 20-day average of 2.9M. Call activity dominated, with 1.7M calls vs 1.6M puts. The heaviest call volume concentrated at the 7,700, 7,710, 7,720 strikes. On the put side, the 7,670, 7,675, 7,690 strikes saw the most action. The put/call ratio finished at 0.89, a modestly bullish tone in the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
Yields and crude are pulling back a bit here which is still our focus. Looks like we will be moving sideways today between our support and resistance levels.
Yesterday's Close
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SPX 7,704.13 -0.02% |
VIX 15.67 +3.23% |
SPY 767.18 -0.08% |
QQQ 741.10 -0.01% |