SPY 0DTE Options Trade Plan 2025-06-24

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SPY 0DTE Analysis Summary (2025-06-24)

Comprehensive Analysis of SPY 0DTE Options Trading

1. Technical Analysis Synthesis:

Price Action: SPY currently at $604.06, significantly exceeding all noted moving averages ($600.01, $599.35, and $598.22) and showing strong bullish momentum across 1-minute and 5-minute charts. RSI Indicators: 1-minute RSI is at 62.54 (neutral), while 5-minute RSI at 73.35 suggests overbought conditions. Daily RSI is neutral at 60.85. This indicates mixed short-term bullishness but is generally supportive. MACD Analysis: Both 1-minute and 5-minute MACD indicators show positive momentum with values above their respective signal lines, thereby validating the bullish sentiment. Bollinger Bands: Currently near upper bands indicating potential resistance yet may hold under current momentum. Support and Resistance: Immediate support at $600.20, and resistance at $605.96 suggests room to maneuver but emphasizes the importance of moving quickly to capitalize on momentum.

2. Market Sentiment Integration:

VIX Insight: The VIX is at 20.62, indicating increased volatility but is trending downward, supporting continued bullish momentum in equities. Geopolitical News: Mixed news suggests bullish sentiment on the S&P 500, though geopolitical tensions remain a risk factor. Options Market Structure: Max Pain is at $598, indicating a potential vulnerability for price retraction toward this level since SPY is trading significantly above it. However, strong bullish momentum might override this.

3. Directional Determination: