$SPX Support Held

Licia Leslie

By Licia Leslie

September 1, 2024

Hi Shoppers,

I last showed you my support levels on the S&P 500 (TIcker: SPX) and sure enough they held on Friday:

This is a bullish chart with resistance coming in at, you know it, $5700.

We may get a little sticky at the previous all time high coming in at $5669.67.

Our holding valid support level sits at $5587.

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As I said above, my S&P 500 (TIcker: SPX) support levels have held and we are looking higher.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

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.