SPY Weekly Options Trade Plan 2025-07-07

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SPY Weekly Analysis Summary (2025-07-07)

Comprehensive Summary of Key Points

Technical Analysis:

SPY Price: Currently at $620.68, showing weak bullish signals with a positioning above the 10-EMA but below the 50 and 200 EMAs, indicating potential bearish control. RSI: At 67.53, signaling overbought conditions and suggesting a downside correction may be imminent. Bollinger Bands and MACD show a mixed technical outlook with the price being near the upper band and a bearish crossover anticipated. Support Levels: Key levels identified at $619.38 - $619.44; major resistance at $621.41 - $622.29. Market Sentiment: