SPY Weekly Options Trade Plan 2025-06-18

Join our Discord channel for live trading signals and discussions:

SPY Weekly Analysis Summary (2025-06-18)

Comprehensive Weekly Options Trade Analysis for SPY

1. Technical Analysis Synthesis

Current Price: $599.52

Price Position Relative to Moving Averages:

5-Minute Chart: Price is above the 10-period EMA ($598.65) and the 50-period EMA ($598.77) but below the 200-period EMA ($600.32). This indicates short-term bullish momentum tempered by higher resistance. Daily Chart: Price is above the 10-period EMA ($598.23) but lacks clarity on the 50 and 200-period EMAs, adding uncertainty. RSI Readings:

5-Minute RSI: Currently at 71.82 (overbought), suggesting potential for a pullback. Daily RSI: At 56.68 (neutral), indicating no extreme conditions but allowing for potential upside. Bollinger Bands:

5-Minute Chart: Price is near the upper band ($599.30), indicating it may be overextended. Daily Chart: Price positioning is below the upper band ($608.00) with moderate upside potential. MACD Analysis:

5-Minute MACD: Indicates short-term bullishness but shows signs of weakening momentum. Daily MACD: Shows bearish trends as the histogram is negative. Key Support and Resistance Levels: