SPYSPX Good morning, traders! The overall market sentiment is neutral as of now, based on the Average Directional Index (ADX ~19) and the options volume PCR (~1). However, major stocks such as INTC, SMCI, and DELL are substantially up today, which indicates (not strongly) that there are higher chances of SPY being bullish rather than bearish. On the other hand, based on price action, we are currently in the premium zone, and buying calls here would be riskier because the market could fall at any time to near the 607 level to accumulate more buyers before continuing its journey upward. The market is clearly showing resistance going up, and any upside candle with low volume is likely to be a fake breakout. Now, 0DTE strategy: If SPY breaks the ATH again and moves up with low volume, look for an exhausted candle to go short. If SPY breaks the ATH with a high and big candle, wait for the price to consolidate. After consolidation, aim to buy calls. Downside levels for puts are 607.50, 605, and then 603 (not likely to touch today). Upside targets for calls are 611.50, 612, and 612.50 (you can trail for every 0.50 points upside). Let’s see where the market goes! I am confident that we will be making a huge profit today either side. Comments?
SPY 
SPX Good morning, traders! The overall market sentiment is neutral as of now, based on the Average Directional Index (ADX ~19) and the options volume PCR (~1). However, major stocks such as 
INTC, 
SMCI, and 
DELL are substantially up today, which indicates (not strongly) that there are higher chances of SPY being bullish rather than bearish. On the other hand, based on price action, we are currently in the premium zone, and buying calls here would be riskier because the market could fall at any time to near the 607 level to accumulate more buyers before continuing its journey upward. The market is clearly showing resistance going up, and any upside candle with low volume is likely to be a fake breakout. Now, 0DTE strategy: If SPY breaks the ATH again and moves up with low volume, look for an exhausted candle to go short. If SPY breaks the ATH with a high and big candle, wait for the price to consolidate. After consolidation, aim to buy calls. Downside levels for puts are 607.50, 605, and then 603 (not likely to touch today). Upside targets for calls are 611.50, 612, and 612.50 (you can trail for every 0.50 points upside). Let’s see where the market goes! I am confident that we will be making a huge profit today either side. Comments?
