By Licia Leslie
April 2, 2025
Hi Shoppers,
On Sunday, I told you the support level of SPX was $5522.
You’re going to say, well it traded down to $5488.
And you are correct.
But check out where SPX opened before it traded down:
Just above my support level meaning it is a valid level.
Monday’s candle looks to me like a belthold candle that is signaling a change in this trend.
Tuesday gave us confirmation with a rally.
I think it is quite possible we will continue to rally from here.
Remember to watch those nice rounded numbers like $5600 and $5650 which is where we stopped yesterday.
Above there once we clear $5670, my next level resistance is at $5715 and then $5775.
If I am wrong, and we trade back below $5600, support is $5566, $5522, $5488 and $5400.
Could be a wild one today and through the end of the week.
Trade accordingly.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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