SPY: Key Levels and Market Outlook for February 20, 2025
Market Structure & Price Action
SPY remains within an ascending channel, showing resilience around the 612.30-612.90 zone. The price structure suggests a potential breakout or rejection at resistance.
* Support Levels:
* 609.60-610.00 (key short-term support)
* 608.37 (potential breakdown trigger)
* Resistance Levels:
* 613.23 (local high & key breakout level)
* 615.00+ (potential upside target if momentum continues)
GEX & Options Flow Analysis
* Call Wall: 615 & 620
* Put Support: 598-605
* Put Sentiment: 83.4% (indicating downside hedging, but could fuel upside if trapped sellers unwind)
* IV Rank: 15.2 (relatively low volatility, suggesting a breakout move could be sharp)
Possible Scenarios
✅ Bullish Breakout: If SPY holds above 612.50-613, a move towards 615-620 could be in play.
🚨 Bearish Breakdown: Losing 609.60-610.00 would expose SPY to deeper pullbacks toward 605-600.
Final Thoughts
The market is at a key inflection point. Monitor volume and price reactions at 613 and 610 for directional confirmation. If momentum builds, SPY could extend toward 615, but failing to hold 610 could shift sentiment bearish.
SPY remains within an ascending channel, showing resilience around the 612.30-612.90 zone. The price structure suggests a potential breakout or rejection at resistance.
* Support Levels:
* 609.60-610.00 (key short-term support)
* 608.37 (potential breakdown trigger)
* Resistance Levels:
* 613.23 (local high & key breakout level)
* 615.00+ (potential upside target if momentum continues)
GEX & Options Flow Analysis
* Call Wall: 615 & 620
* Put Support: 598-605
* Put Sentiment: 83.4% (indicating downside hedging, but could fuel upside if trapped sellers unwind)
* IV Rank: 15.2 (relatively low volatility, suggesting a breakout move could be sharp)
Possible Scenarios
✅ Bullish Breakout: If SPY holds above 612.50-613, a move towards 615-620 could be in play.
🚨 Bearish Breakdown: Losing 609.60-610.00 would expose SPY to deeper pullbacks toward 605-600.
Final Thoughts
The market is at a key inflection point. Monitor volume and price reactions at 613 and 610 for directional confirmation. If momentum builds, SPY could extend toward 615, but failing to hold 610 could shift sentiment bearish.
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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.