SPY 0DTE Options Trade Plan 2025-06-17

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SPY 0DTE Analysis Summary (2025-06-17)

Comprehensive Summary of Key Points

Technical Analysis Synthesis:

Bearish Momentum: All short-term charts showcase SPY trading below significant moving averages, reflecting a bearish sentiment. The 5-minute and 1-minute indicators confirm this negativity. Oversold Conditions: The 5-minute RSI is at 23.46, suggesting oversold conditions. However, the 1-minute RSI at 42.32 indicates a neutral stance, hinting at consolidation without extremes. Support and Resistance: Immediate support is around $599.78, with key resistance at $601.50 and $602.80. Current price is testing the low end. Market Sentiment Integration: