SPY 0DTE Options Trade Plan 2025-06-24

Join our Discord channel for live trading signals and discussions:

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

Comprehensive Summary of Models’ Key Points

Technical Analysis:

Short-Term Indicators: Consensus across the reports indicates a mixed to slightly bearish outlook based on 1-minute and 5-minute technicals. All reports acknowledge the immediate price actions near resistance with choppy behavior; SPY is currently trading at $606.61. Support and Resistance Levels: Multiple reports note critical resistance around $606.90-$607.00, and support between $605.89-$606.36, suggesting potential for price bounce and volatility. RSI and MACD: The 1-minute RSI indicates neutral momentum, while 5-minute RSI suggests proximity to overbought conditions, supporting potential short-term downside. Market Sentiment Integration:

VIX Levels: The accommodating VIX (18.01) with a trend downward is noted as supportive of upward movements, but concerns regarding max pain at $598 introduce bearish sentiment—especially given heavy put positioning. News Influence: Fed communications on inflation and economic growth introduce bearish undertones, counterbalancing any bullish technical indicators. Options Flow Data:

All models recognize the relatively high open interest in put options around $598-$606, indicating bearish sentiment among traders. Max pain points significantly lower than current prices create downward gravitational pressure against SPY. Direction Consensus:

General Consensus: Moderately Bearish. Most reports share a confidence level around 65-68% regarding downside potential today, influenced mainly by technical indicators and market sentiment. Variations exist in specific trade setups, with some recommending calls based on potential dip opportunities and the overall bullish trend bias.