SPY 0DTE Options Premarket 2025-04-30 (DS)

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SPY 0DTE Trade Plan for 2025-04-30

1. Technical Analysis Synthesis

Key Observations:

Price Positioning:

1-minute: Price ($554.32) below declining 10EMA (554.57) but above 200EMA (553.94). Immediate resistance at 554.55. 5-minute: Price near lower Bollinger Band (554.11), with 10EMA (554.56) acting as resistance. Daily: Price near 50EMA (554.67) resistance after a 7.87% 5-day rally. Momentum Indicators:

1-minute RSI: 39.1 (approaching oversold). 5-minute MACD: Bearish histogram (-0.10). Daily MACD: Bullish divergence but nearing 50EMA resistance. Volume:

Spike in 1-minute volume (2.06M vs. 121k average) signals capitulation. Support/Resistance:

Critical support: 554.14 (1-minute), 553.82 (5-minute). Resistance: 554.55 (1-minute), 555.04 (5-minute).