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Today's Signal YELLOW LIGHT |
Inside day or are we giving it all back?
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 · Thursday, November 12 · via Licia Leslie
| Level | S&P FUT |
| Resistance 2 (50-day MA) | 7,712.00 |
| Resistance 1 | 7,650.00 |
| Premarket Price | 7,584.00 |
| Support 1 | 7,548.50 |
| Support 2 | 7,491.00 |
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Watch for yesterday's lows to hold for our first level of support.
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
+523%
An SPX 7,630 call that expired Wednesday, November 11 opened at $3.10. By the high of the day it traded at $19.30, a $1,620 gain per contract (523%) for traders who caught the move.
Volume Anomaly
SPX 0DTE Volume: 3.5M Contracts
0DTE SPX volume on Wednesday, November 11 came in at 3.5M contracts, roughly 6% above the 20-day average of 3.3M. Call and put activity were roughly balanced, with 1.8M calls vs 1.7M puts. The heaviest call volume concentrated at the 7,630, 7,640, 7,650 strikes. On the put side, the 7,620, 7,625, 7,600 strikes saw the most action. The put/call ratio finished at 0.93, a fairly neutral read from the options market.
Editor's Note
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Licia Leslie 0DTE Analyst, Option Pit |
As long as we hold yesterday's low, we will have an inside day and possibly just taking a breather. QQQs are trading back below the median line and flirting with the 200 day moving average, watch for a close above/below there. Continue to keep your eye on SMH.
Yesterday's Close
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SPX 7,619.38 +1.31% |
VIX 17.49 -10.10% |
SPY 759.81 +1.32% |
QQQ 690.38 +2.31% |