Where Do We Go From Here?

By Licia Leslie

November 1, 2024

Hi Shoppers,

 

The market finally had a nice selloff with the S&P 500 (Ticker: SPX) down $108 or 1.86%.

 

That doesn’t sound like much but the way this market has been moving, it’s a pretty good move.

 

Check it out on the chart:

Just below here we have support at $5675 and then $5600.

 

Resistance comes in at $5776 and then $5800.

 

Take a look at my five minute chart:

If you are a day trader and not using pitchforks you are missing out on a lot of opportunities

 

I can teach you how to use pitchforks.

 

Give Ted a call at 888-872-3301 and tell him you would like to become an Option Shopper.

 

.Thank You for Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Head of Technical Analysis

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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

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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