$XLF Looking Lower

Licia Leslie

Licia Leslie

Licia Leslie

By Licia Leslie

September 6, 2024

Hi Shoppers,


Check out the big red bearish candle in the SPDR Select Sector Fund  Financial (Ticker: XLF)

The next support level I see is $43.98 which is a dollar lower.

So these puts could double:

The Sep13 45 puts for under $.50 will make you some money.

 

Trade Review

 

My support on the S&P 500 Index (TIcker: SPX) has been broken and is now the new resistance level at $5562.

 

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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