SPY 0DTE Options Premarket 2025-04-15 (DS)
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0DTE SPY Trade Plan for 2025-04-15
1. Technical Analysis Synthesis
Price Position: M1: Below all EMAs (10/50/200) with RSI rising from oversold (36.5) M5: Below 10/50 EMAs but above 200 EMA; RSI at 34.13 (oversold) Daily: Above 10 EMA (534.78), MACD histogram turning positive (bullish divergence) Momentum: 1-Minute MACD: Histogram improving but still negative. 5-Minute MACD: Bearish momentum accelerating. Key Levels: Support: 538.36 (M1), 536.52 (M5) Resistance: 540.51 (M1), 541.31 (M5)
2. Market Sentiment Integration
VIX: Falling (30.89 → elevated but declining volatility). News: Mixed (futures volatility, Apollo portfolio critique). Options Sentiment: Heavy put OI at $530 and calls at $550; max pain at $535 (bearish bias).