SPY 0DTE Options Trade Plan 2025-06-20

Join our Discord channel for live trading signals and discussions:

SPY 0DTE Analysis Summary (2025-06-20)

Summary of Key Points

Technical Analysis Synthesis

Momentum: The 1-minute chart indicates strong bullish momentum with an RSI at 76.51 and positive MACD, suggesting potential continuation but also warning of overbought conditions. Short-Term Signals: The 5-minute chart shows mixed signals with some upward momentum but key resistance levels approaching around $596.40-$596.61. Broader Trend: Daily charts reflect a neutral outlook with MACD being below the signal line, indicating weakening momentum at larger time scales.

Market Sentiment Integration

VIX Context: At 20.31, elevated volatility suggests heightened market caution. Max Pain: The maximum pain level at $599 indicates a gravitational pull towards this level, particularly because the current price ($596.29) is below it. News: The landscape is mixed, with factors decreasing bullish confidence, namely Fed concerns over tariffs and elevated inflation.