Vigilance Is In Order

Hi Shoppers,

Here are my next support levels for the major indexes, which is the 50-day moving average for each (the blue line).

The SPDR S&P 500 (Ticker: SPY) comes in at $398.56:

In the Invesco QQQ Trust (Ticker: QQQ) the 50 day moving average sits at $303.52, which lines up with my upward sloping trendline:

The IShares Russell 2000 Index (Ticker: IWM) 50 day average, which coincides with my upward sloping trendline and my horizontal support line, sits at $182.10:

It’s pretty treacherous out there. 

Vigilance Is In Order. But profit opportunities abound!

Thanks for Reading … See You Next Tuesday.

Licia Leslie


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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