GEX Outlook (June 24, 2025):
SPY is sitting right on top of a major Gamma Wall at 607–610, with high net positive GEX and strong Call Wall stacking above. The 2nd Call Wall (609) and GEX10 (611) suggest bullish optionality remains intact if SPY can hold above 605.
* GEX Sentiment: 🟢🟢🟢🟢
* IVR: 13.7 (low implied volatility rank, bullish)
* IVx Avg: 16.7
* Put Walls: Strong support at 595 and 591
* Call Pressure: Builds up from 605 to 611
📌 This is a prime environment for long CALLs, especially for traders expecting momentum continuation through 607+.
Price Action (1H): Smart Money Concepts Perspective
* Break of Structure (BOS) confirmed at ~606
* Retest held strong near 600.15–604.45, validating support
* Clear bullish CHoCH and BOS sequence with strong volume
* Current candle consolidation inside a small supply zone near 607 (possible pause before continuation)
Support Zones:
* 604.45: First line of defense
* 600.15: Breaker block retest
* 591.90: Ultimate bear invalidation zone
Resistance Targets:
* 610: Next major target (2nd Call Wall)
* 611+: GEX10/extension zone for squeeze
🔍 Trade Idea (Scalp or Swing)
Bullish Scenario (CALLs setup):
* Entry: On retest of 604.5–605 zone
* Target: 610–611 (Gamma zone breakout)
* Stop: Below 600.15
* Options Play: Buy 610C 0DTE/1DTE if intraday bounce confirmed above 605 or breakout continuation above 607
Bearish Reversal?
* Only if SPY breaks below 600 with momentum + volume. Otherwise, dip = opportunity.
Summary: SPY is riding a strong bullish structure with GEX favoring upward pressure. As long as 604–605 holds, dips are for buying. Watch 607–610 for breakout confirmation. Options market flow supports further upside if volatility remains controlled.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own due diligence before trading.
* GEX Sentiment: 🟢🟢🟢🟢
* IVR: 13.7 (low implied volatility rank, bullish)
* IVx Avg: 16.7
* Put Walls: Strong support at 595 and 591
* Call Pressure: Builds up from 605 to 611
📌 This is a prime environment for long CALLs, especially for traders expecting momentum continuation through 607+.
Price Action (1H): Smart Money Concepts Perspective
* Break of Structure (BOS) confirmed at ~606
* Retest held strong near 600.15–604.45, validating support
* Clear bullish CHoCH and BOS sequence with strong volume
* Current candle consolidation inside a small supply zone near 607 (possible pause before continuation)
Support Zones:
* 604.45: First line of defense
* 600.15: Breaker block retest
* 591.90: Ultimate bear invalidation zone
Resistance Targets:
* 610: Next major target (2nd Call Wall)
* 611+: GEX10/extension zone for squeeze
🔍 Trade Idea (Scalp or Swing)
Bullish Scenario (CALLs setup):
* Entry: On retest of 604.5–605 zone
* Target: 610–611 (Gamma zone breakout)
* Stop: Below 600.15
* Options Play: Buy 610C 0DTE/1DTE if intraday bounce confirmed above 605 or breakout continuation above 607
Bearish Reversal?
* Only if SPY breaks below 600 with momentum + volume. Otherwise, dip = opportunity.
Summary: SPY is riding a strong bullish structure with GEX favoring upward pressure. As long as 604–605 holds, dips are for buying. Watch 607–610 for breakout confirmation. Options market flow supports further upside if volatility remains controlled.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own due diligence before trading.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.