SPX Is Approaching the Median Line

Licia Leslie

By Licia Leslie

April 27, 2025

Hi Shoppers,

The S&P 500 (Ticker: SPX) is following my pitchfork famously:

Now the SPX is approaching the median line which comes in at $5537.

Watch for a close above or below that level.

If we clear it, the top of the next channel is at $5822.

If SPX honors the median line (red line) and we roll lower, support at the bottom of the channel is at $5246.

Trade Review

Tempus (Ticker: TEM) took a breather Friday but I am still bullish on it to $59.

Thank You For Reading … See You Next Tuesday,

Licia Leslie

Head of Technical Analysis

CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain

DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain

PFE May17 26 calls closed for a 66% win

OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain

OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain

Licia Leslie

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About the Author

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.