SPY Weekly Options Trade Plan 2025-06-16

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SPY Weekly Analysis Summary (2025-06-16)

Comprehensive Summary of Analysis Reports

1. Technical Analysis Synthesis

Technical Indicators Review:

Current Price: SPY is trading at $602.80, showing mixed signals. While it is above its key short-term moving averages on the 5-minute chart, it exhibits potential short-term bearishness, primarily indicated by the negative MACD.

Support and Resistance:

Support Levels: $602.15, $602.26 (5-minute chart). Resistance Levels: $603.71 (5-minute chart) and $605.06 (daily chart). Momentum Indicators:

RSI: Both 5-minute and daily RSIs hover around neutral levels, indicating a balance between buyers and sellers. MACD: Bearish crossover on the 5-minute chart suggests waning bullish momentum.

Summary: The technical analysis suggests conflicting signals—while the overall trend appears to be bullish when looking at the daily trend, immediate bearish indicators are present in the intraday charts.