SPX 0DTE Options Trade Plan 2025-06-18
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SPX 0DTE Analysis Summary (2025-06-18)
Based on the analysis of SPX 0DTE options data and key technical and market sentiment factors, here's the comprehensive overview.
1. Technical Analysis Summary
Price Movement: SPX is trading around $6001.31, showing strong bullish signs on 1-minute and 5-minute charts, with notable short-term support above key moving averages. Momentum Indicators: 1M RSI is at 70.83 (overbought), while the 5M RSI is at 72.66, indicating strong momentum but potential pullback. MACD is bullish across short timeframes, supporting the bullish sentiment. Resistance and Support Levels: Resistance levels identified at $6003.17 and $6003.65 should be monitored, as they could limit upward movement.
2. Market Sentiment Analysis
VIX: At 20.45, indicating an elevated level of market fear but not at panic levels. Recent News Sentiment: Positive headlines supporting bullish activity could drive demand, favoring call options. Options Market Dynamics: The maximum pain level is at $6000, which significantly influences pricing expectations; the current trading price slightly exceeds this.