🔥Hey traders! Quick update on SPY's 4-hour chart setup.
📈 Technical Analysis (TA):
* SPY broke above the descending trendline signaling possible bullish momentum.
* Immediate resistance overhead between $562–$582, which is critical for confirming a bullish trend reversal.
* Recent Break of Structure (BOS) established a clear support zone around $545-$550, an essential zone for potential reversals.
* Higher resistance around $607–$610 could come into play if bullish momentum builds.
📊 GEX & Options Insights:
* Highest negative NET GEX at $550, marking a critical PUT support level; key to watch if prices dip.
* Strong CALL resistance at $582, significant gamma wall here. Breakout could accelerate price upwards quickly.
* IV Rank is moderate at 42.8%, creating opportunities for both debit and credit options strategies.
* High PUT ratio (92.9%) indicates heavy bearish sentiment in options positioning—stay cautious.
💡 Trade Recommendations:
* Bullish Play: Confirmed break above $582 could trigger a bullish push toward the $607–$610 range. Stops tight under $570.
* Bearish Play: Watch for a clear rejection at $582; puts could target $550 support, potentially even down toward $545.
* Neutral strategies: Consider selling premium via Iron Condors or credit spreads between the clear boundaries ($550–$582).
🛑 Risk Management: Maintain disciplined trades with clear risk control due to volatility at key levels.
Stay focused and good luck!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
📈 Technical Analysis (TA):
* SPY broke above the descending trendline signaling possible bullish momentum.
* Immediate resistance overhead between $562–$582, which is critical for confirming a bullish trend reversal.
* Recent Break of Structure (BOS) established a clear support zone around $545-$550, an essential zone for potential reversals.
* Higher resistance around $607–$610 could come into play if bullish momentum builds.
📊 GEX & Options Insights:
* Highest negative NET GEX at $550, marking a critical PUT support level; key to watch if prices dip.
* Strong CALL resistance at $582, significant gamma wall here. Breakout could accelerate price upwards quickly.
* IV Rank is moderate at 42.8%, creating opportunities for both debit and credit options strategies.
* High PUT ratio (92.9%) indicates heavy bearish sentiment in options positioning—stay cautious.
💡 Trade Recommendations:
* Bullish Play: Confirmed break above $582 could trigger a bullish push toward the $607–$610 range. Stops tight under $570.
* Bearish Play: Watch for a clear rejection at $582; puts could target $550 support, potentially even down toward $545.
* Neutral strategies: Consider selling premium via Iron Condors or credit spreads between the clear boundaries ($550–$582).
🛑 Risk Management: Maintain disciplined trades with clear risk control due to volatility at key levels.
Stay focused and good luck!
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน