SPY 0DTE Options Premarket 2025-04-22 (DS)

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SPY 0DTE Trade Plan for 2025-04-22

Technical Analysis Synthesis

Price Positioning:

Trading at $513.88, slightly below max pain ($514.00) Below all key daily EMAs (10/50/200) signaling strong bearish structural trend Above 1-minute EMAs (10/50/200) suggesting short-term bullish momentum Momentum Indicators:

1-Minute RSI: Dropped from 87.79 (overbought) to 64.29 (neutral) 5-Minute RSI: 82.58 (overbought) Daily RSI: 37.96 (approaching oversold) Volatility & Bands:

VIX at 31.81 (high volatility regime) Price breached upper Bollinger Band on 5-minute chart (513.51) MACD Signals:

1-minute MACD histogram declining (bullish momentum fading) 5-minute MACD rising (short-term bullish) Daily MACD negative (bearish structural trend)