SPY 0DTE Options Premarket 2025-04-24 (DS)

Apr 24, 2025

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SPY 0DTE Trade Plan for 2025-04-24

1. Technical Analysis Synthesis

Price Position: Below all key EMAs (10/50/200) on M1 and M5 charts Daily chart shows SPY trading below critical long-term EMAs (50-day: $556.17, 200-day: $560.24) Momentum Indicators: 1-minute RSI collapsed from 70 (overbought) to 44 (neutral) in last 5 periods MACD histogram declining on M1 (-80% in last 5 periods) Key Levels: Immediate resistance at $535.77 (M1) and $535.79 (M5) Max pain at $534.00 ($1.42 below current price)

2. Market Sentiment Integration

Bearish Catalysts: Deutsche Bank S&P 500 target cut to 6150 (-12.1% from prior) "Market Pessimism Hits Record" headline VIX at 27.96 (elevated volatility regime) Options Flow: Heavy put OI at $530 ($14,572) and $525 ($10,624) Max pain $534 aligns with clustered put OI

3. Directional Determination: Moderately Bearish

Key Factors:

Quant Signals

SPY 0DTE Options Premarket 2025-04-24 (DS)

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