SPY 0DTE Options Premarket 2025-04-17 (DS)

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SPY 0DTE Trade Plan for 2025-04-17

Technical Analysis Synthesis

1-Minute Chart:

Price Action: Testing resistance at $525.85 (upper Bollinger Band). Momentum: 1-minute RSI cooled from 82 to 71, MACD histogram decelerating. Key Levels: Immediate resistance at $525.85–$526.16; support at $524.16.

5-Minute Chart:

Trend: Bullish momentum (MACD rising, RSI 66 nearing overbought). Resistance: Critical level at $526.84 (aligns with 50-period EMA).

Daily Chart: