SPX 0DTE Options Market Close Trade Plan 2025-06-18
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SPX 0DTE Analysis Summary (2025-06-18)
Comprehensive Analysis of SPX 0DTE Options Trading
1. Technical Analysis Synthesis
The current market price of SPX is $5975.44, which is slightly below the max pain level of $6000. Based on both technical indicators and market sentiment, the analysis across various models indicates a bearish short-term outlook, characterized by:
1-Minute Chart:
RSI is at 19.93, suggesting severely oversold conditions which often lead to short-term bounces, yet the price is below all key moving averages (MAs). MACD remains negative, corroborating strong bearish momentum. 5-Minute Chart:
RSI at 31.08, indicating oversold but recovering momentum. Price remains under short-term MAs, reflecting continued bearish pressure. Daily Chart:
RSI is mid-range at 58.60, indicating no extreme overbought conditions, which aligns with a potential corrective move after recent highs. Bollinger Bands:
The price is resting near the lower band, suggesting potential buying interest if volatility contracts, which is consistent across the 1 and 5-minute charts. Support and Resistance: