SPX 0DTE Options Trade Plan 2025-06-24
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SPX 0DTE Analysis Summary (2025-06-24)
Comprehensive Analysis of SPX 0DTE Options Trading
1. Technical Analysis Synthesis
Multiple sources provided insights into current SPX dynamics, emphasizing a predominantly bullish stance due to price actions over key moving averages. All models noted that SPX is currently above the 10, 50, and 200-period EMAs in various time frames, especially on the 1-minute and 5-minute charts, suggesting a strong bullish momentum with a current price of $6091.57.
1-Minute Chart: Clear bullish trends with the current price above all moving averages, indicating short-term momentum. MACD shows positive divergence.
5-Minute Chart: Moderately bullish due to being above key EMAs but hints at potential weakness as indicated by the RSI being near overbought.
Daily Chart: Overall bullish trend is affirmed; however, some reports highlight increasing caution due to the rising RSI, which suggests a need for alertness against possible reversals.