SPY 0DTE Options Trade Plan 2025-06-20
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SPY 0DTE Analysis Summary (2025-06-20)
Based on the provided market data and models regarding SPY 0DTE options trading, here is a structured analysis of the key points and derived insights for actionable recommendations in the current trading environment.
1. Comprehensive Summary of Key Points
Technical Analysis Synthesis:
Price Action: SPY is trading at $594.80, facing resistance below the 10, 50, and 200-period EMAs for all timeframes. Current gap down indicates bearish pressure. Momentum Indicators: The RSI indicates overbought conditions on the short-term (1-Minute: 76.5) while being neutral (5-Minute: 55.49). Daily trends remain bearish with negative MACD moving averages. Support/Resistance: Immediate resistance at $595.68 and strong support around $594.71, suggesting possible volatility around these levels.