SPX 0DTE Options Trade Plan 2025-06-17
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SPX 0DTE Analysis Summary (2025-06-17)
Comprehensive SPX 0DTE Options Trading Analysis
1. Technical Analysis Synthesis
Short-term Indicators: The SPX currently trades at approximately $6010, below key moving averages (MAs). The 1-minute and 5-minute charts show significant bearish momentum, with price falling and RSI at 24.7 (indicating extreme oversold conditions). The MACD histogram is negative, confirming this bearish trend. Mid-term Indicators: The daily chart indicates that while the overall trend is bearish in the short term, the price is still above the 10-period EMA at $5992, which suggests there could be potential for a reversal. Resistance/Support Levels: Immediate support at $6003 and $5990, with resistance around $6011.83 and $6020 (max pain level).
2. Market Sentiment Integration
Volatility (VIX): Currently at 19.27, rising from a five-day average of 18.46. This elevated volatility suggests increased market fear, supporting a bearish outlook. News Impact: Negative news concerning retail sales has placed downward pressure on the SPX, with the index declining approximately 0.32%. This bearish sentiment aligns with technical indicators.
3. Directional Determination