Market Structure Overview:
* SPY is currently testing a Reversal Zone, trading within a descending wedge pattern.
* Support: 570-572 zone aligned with the lower trendline.
* Resistance: 578.28, followed by 595 if bullish momentum sustains.
Supply & Demand Zones:
* Demand Zone: 565-570 is showing some buyer interest.
* Reversal Zone: Price action is rejecting from the trendline, indicating a potential short-term bounce.
Order Blocks & Key Levels:
* 572.54 – 574.71 acting as a consolidation zone before a decisive move.
* If the price clears 578-580, momentum could push toward 595.
Indicator Analysis:
* MACD: Flat momentum but attempting a bullish crossover.
* Stochastic RSI: Bouncing from the lower region, indicating a possible reversal attempt.
Options Flow & GEX Analysis:
* Put Wall at 565 & 560: High negative gamma suggests strong put positioning.
* Call Resistance at 610-620: Major resistance where calls start building pressure.
* GEX Indicator: PUTs are at 110.1%—indicating downside hedging is still strong.
Scenarios to Watch:
1. Bullish Scenario: If SPY holds above 572-574, we could see a push toward 578 and then 595.
2. Bearish Scenario: A breakdown below 570 may trigger a flush toward 565, where the next strong put wall is positioned.
Actionable Trade Setup:
* Bullish Entry: Above 574.90 → Target: 578 / 595.
* Bearish Entry: Below 572.50 → Target: 570 / 565.
* Stop-Loss: ±2 points from entry.
Conclusion:
SPY is at a key decision point within a reversal zone, and price action near 574-578 will dictate the next leg. If bullish volume increases, we could see a run toward 595, but failure to hold 572 might result in further downside.
🛑 This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly. 🚀
* SPY is currently testing a Reversal Zone, trading within a descending wedge pattern.
* Support: 570-572 zone aligned with the lower trendline.
* Resistance: 578.28, followed by 595 if bullish momentum sustains.
Supply & Demand Zones:
* Demand Zone: 565-570 is showing some buyer interest.
* Reversal Zone: Price action is rejecting from the trendline, indicating a potential short-term bounce.
Order Blocks & Key Levels:
* 572.54 – 574.71 acting as a consolidation zone before a decisive move.
* If the price clears 578-580, momentum could push toward 595.
Indicator Analysis:
* MACD: Flat momentum but attempting a bullish crossover.
* Stochastic RSI: Bouncing from the lower region, indicating a possible reversal attempt.
Options Flow & GEX Analysis:
* Put Wall at 565 & 560: High negative gamma suggests strong put positioning.
* Call Resistance at 610-620: Major resistance where calls start building pressure.
* GEX Indicator: PUTs are at 110.1%—indicating downside hedging is still strong.
Scenarios to Watch:
1. Bullish Scenario: If SPY holds above 572-574, we could see a push toward 578 and then 595.
2. Bearish Scenario: A breakdown below 570 may trigger a flush toward 565, where the next strong put wall is positioned.
Actionable Trade Setup:
* Bullish Entry: Above 574.90 → Target: 578 / 595.
* Bearish Entry: Below 572.50 → Target: 570 / 565.
* Stop-Loss: ±2 points from entry.
Conclusion:
SPY is at a key decision point within a reversal zone, and price action near 574-578 will dictate the next leg. If bullish volume increases, we could see a run toward 595, but failure to hold 572 might result in further downside.
🛑 This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly. 🚀
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.