SPY Pre-Market Scalping Setup – Key Levels & Trade Plan Feb. 12
📅 Date: February 12, 2025
🕒 Timeframe: 15-Minute Chart
🎯 Strategy: Scalping SPY at Key Levels
🔍 Technical Overview
SPY is forming a tight wedge pattern, signaling an imminent breakout. Key resistance and support levels are clearly defined, and we are preparing for a high-probability scalp setup.
📌 Key Levels:
* Resistance: 🔵 605.80 - 606.00 (Breakout Zone)
* Support: 🔴 603.67 & 601.90 (Breakdown Zone)
📉 Bearish Scenario (Short Entry)
* Breakdown below 603.67 could trigger selling pressure toward 601.90.
* Entry: Below 603.50, with confirmation.
* Target: 601.90 - 601.50
* Stop Loss: Above 604.00
📈 Bullish Scenario (Long Entry)
* Breakout above 605.80 could lead to momentum toward 607.00+.
* Entry: Above 606.00
* Target: 607.50 - 608.00
* Stop Loss: Below 605.50
📊 Indicators & Momentum
* MACD Flattening: Waiting for momentum shift.
* Stochastic RSI Curling Up: Potential move soon.
* Volume Watching: Need confirmation on breakout direction.
🔥For more real-time scalping insights, check out my profile bio.
📢 Disclaimer: This is for educational purposes only. Always manage risk accordingly.
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🔍 Technical & GEX Overview
SPY is trading near key Gamma Exposure (GEX) levels, which will dictate today’s market sentiment and potential price movement. Options positioning suggests a critical decision zone around 603 – 605, with possible directional bias forming.
📌 Key Levels to Watch:
* 🚀 Upside Targets:
* 610: 🔥 Major Call Wall (76.34% Call concentration)
* 615: 🚀 3rd Call Wall (66.83% Call positioning)
* 620: 🏆 Key Resistance (78.41% Call Resistance)
* 📉 Downside Support Levels:
* 600: ❗ Highest Negative NETGEX (Strong Put Support)
* 595: ⚠️ 2nd Put Wall (-92.08% Put Density)
* 590: 🛑 3rd Put Wall (-61.58% Put Density)
🟢 HVL (High Volume Level): 603, aligning with current price action—this zone is a key pivot area.
📈 Bullish Scenario:
* SPY holding above 605 could push toward 610+ as market makers hedge call exposure.
* Confirmation with a break above 606 for continuation.
* 🚀 Target: 610 – 615
* 🔄 Stop Loss: Below 603
📉 Bearish Scenario:
* A break below 600 could trigger downside momentum toward 595, especially if large put walls remain dominant.
* 🚨 Target: 595 – 590
* 🔄 Stop Loss: Above 603
📊 Market Sentiment & GEX Summary
* 🔴 Puts Dominance: 72.3% PUT positioning—indicates hedging pressure.
* 🟢 IVR (Implied Volatility Rank): 14.7 (Low volatility, indicating a slow move unless breakout occurs).
* ⚠️ Watch for liquidity shifts near 603-605 to confirm breakout direction.
📢 Trade Carefully & Manage Risk!
📍 Follow for Daily SPY GEX & Scalping Insights!
🚀 Let's trade smart together! 💰📊
🕒 Timeframe: 15-Minute Chart
🎯 Strategy: Scalping SPY at Key Levels
🔍 Technical Overview
SPY is forming a tight wedge pattern, signaling an imminent breakout. Key resistance and support levels are clearly defined, and we are preparing for a high-probability scalp setup.
📌 Key Levels:
* Resistance: 🔵 605.80 - 606.00 (Breakout Zone)
* Support: 🔴 603.67 & 601.90 (Breakdown Zone)
📉 Bearish Scenario (Short Entry)
* Breakdown below 603.67 could trigger selling pressure toward 601.90.
* Entry: Below 603.50, with confirmation.
* Target: 601.90 - 601.50
* Stop Loss: Above 604.00
📈 Bullish Scenario (Long Entry)
* Breakout above 605.80 could lead to momentum toward 607.00+.
* Entry: Above 606.00
* Target: 607.50 - 608.00
* Stop Loss: Below 605.50
📊 Indicators & Momentum
* MACD Flattening: Waiting for momentum shift.
* Stochastic RSI Curling Up: Potential move soon.
* Volume Watching: Need confirmation on breakout direction.
🔥For more real-time scalping insights, check out my profile bio.
📢 Disclaimer: This is for educational purposes only. Always manage risk accordingly.
--------
🔍 Technical & GEX Overview
SPY is trading near key Gamma Exposure (GEX) levels, which will dictate today’s market sentiment and potential price movement. Options positioning suggests a critical decision zone around 603 – 605, with possible directional bias forming.
📌 Key Levels to Watch:
* 🚀 Upside Targets:
* 610: 🔥 Major Call Wall (76.34% Call concentration)
* 615: 🚀 3rd Call Wall (66.83% Call positioning)
* 620: 🏆 Key Resistance (78.41% Call Resistance)
* 📉 Downside Support Levels:
* 600: ❗ Highest Negative NETGEX (Strong Put Support)
* 595: ⚠️ 2nd Put Wall (-92.08% Put Density)
* 590: 🛑 3rd Put Wall (-61.58% Put Density)
🟢 HVL (High Volume Level): 603, aligning with current price action—this zone is a key pivot area.
📈 Bullish Scenario:
* SPY holding above 605 could push toward 610+ as market makers hedge call exposure.
* Confirmation with a break above 606 for continuation.
* 🚀 Target: 610 – 615
* 🔄 Stop Loss: Below 603
📉 Bearish Scenario:
* A break below 600 could trigger downside momentum toward 595, especially if large put walls remain dominant.
* 🚨 Target: 595 – 590
* 🔄 Stop Loss: Above 603
📊 Market Sentiment & GEX Summary
* 🔴 Puts Dominance: 72.3% PUT positioning—indicates hedging pressure.
* 🟢 IVR (Implied Volatility Rank): 14.7 (Low volatility, indicating a slow move unless breakout occurs).
* ⚠️ Watch for liquidity shifts near 603-605 to confirm breakout direction.
📢 Trade Carefully & Manage Risk!
📍 Follow for Daily SPY GEX & Scalping Insights!
🚀 Let's trade smart together! 💰📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.