SPY 0DTE Options Premarket 2025-04-14 (DS)

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0DTE SPY Trade Plan for 2025-04-14

1. Technical Analysis Synthesis

Price Position: SPY ($533.94) below 5-minute 10 EMA (534.51) but above 50/200 EMAs (532.09/525.32). Daily price below middle Bollinger Band (549.69), signaling bearish bias on longer timeframes. RSI: Neutral on both 5-minute (47.59) and daily (45.74), no extreme overbought/oversold signals. Bollinger Bands: 5-minute price near middle band; daily price closer to lower band, suggesting downside potential. MACD: Bearish momentum on 5-minute (histogram -0.18) but improving on daily (histogram -0.27). Key Levels: Immediate support at $533.49 (breakdown risk), resistance at $535.16.

2. Market Sentiment Integration

VIX: Elevated at 37.56 (falling), signaling high volatility but stabilizing. News: Mixed (death cross warnings vs. bullish evaluations). Max Pain: $530.00 (below current price), suggesting gravitational pull downward.

3. Directional Determination

Moderately Bearish (Confidence: 65%):