By Licia Leslie
November 19, 2025
Hi Shoppers,
My final piece of evidence for the turnaround story is the S&P500 Emin Futures chart:
Each and every time the futures have traded down to this support level on the pitchfork, going back to when this trendline flipped from resistance to support on June 26th, it has held.
It has been tested 5-6 times and bounced.
There is one little bit of bearish evidence and that is the MACD crossing bearish (down) over the zero line on the histogram.
Watch the $6614 level. If we close below there, we are trading down to $6461.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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