SPX 0DTE Options Trade Plan 2025-06-23

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SPX 0DTE Analysis Summary (2025-06-23)

Comprehensive Summary of Key Points from Models

Technical Analysis Overview:

All reports confirm a moderately bullish outlook based on multi-timeframe analyses. The current SPX price is above key moving averages (MAs) across the 1-minute, 5-minute, and daily charts. However, there are signals of overbought conditions in shorter timeframes as indicated by high RSI levels (75.93 on the 1M, 82.74 on the 5M). Immediate resistance is noted around the psychological level of $6000, with support structures clearly identified at $5990 (max pain). Market Sentiment Analysis:

Positive sentiment is reinforced by dovish Fed comments indicating a possible rate cut. The VIX is elevated but falling, suggesting a reduction in market fear. Options data shows robust activity in OTM calls, particularly in the $6045-$6070 range, indicating bullish positioning by traders. Risk Assessments:

There is a consensus among the models regarding risks posed by the max pain situation at $5990 and the elevated RSIs suggesting potential pullbacks.