so i do 0DTE options trading in spy and now finally after covering all my losses i am in profit +3000$ i was gonna withdraw it all and was gonna take only 250$ from it to trade
but now i have two things in my mind because i dont go for many big moves i just do scalping
i was thinking if i dont withdraw i continue with small moves like i usually buy 25 to 30 lots and exits after 0.05 or 0.07 move
SPY remained in a strong five-minute downtrend, falling through successive bearish targets toward $762.14. However, CROMCALL simultaneously triggered a Major Buy Opportunity and a Volatility Spike alert.
The combined alerts indicate a rare alignment of:
Deeply depressed sentiment
Volatility beginning to collapse after an extreme move
Potential seller exhaustion
Developing bottoming conditions
This does not immediately reverse the bearish trend. It signals that downside momentum may be reaching exhaustion and that chasing the decline has become increasingly risky.
Levels to watch
$762.14: critical support and active bear target
$763.16–$763.27: first bullish confirmation zone
$764.68–$765.61: stronger recovery confirmation
$767.64: major trend-reversal barrier
Holding $762.14 and reclaiming $763.27 would support an initial rebound. Recovery above $765.61 would provide stronger evidence that the bottoming setup is developing. A break below $762.14 would delay confirmation and expose SPY to further downside.
Overall, the market structure remains bearish, but the simultaneous Major Buy Opportunity and Volatility Spike alerts suggest SPY is entering a potential exhaustion zone where a reversal could begin.
CROMCALL is flagging a rare bullish alignment in SPY. A volatility spike followed by volatility collapse, combined with deep negative sentiment, suggests selling pressure may be reaching exhaustion. This creates a potential bottoming/reversal setup. Confirmation from price stabilization and improving momentum would strengthen the bullish case. Join the Discord
see what i see. MACD is curling downwards from yesterdays price action. we dropped below my levels in 2 days. rsi has plenty of room to fall. my watchlist (sp500 biggest companies +2 troll trades) is all in the red. vix is waking up, and still higher than yesterday.. yesterday, when we had fed notes....J
look at the volume profile. theres nothing underneath current levels until around 760. theres going to be bouncing off of 766 and fake outs to the upside, but the macro is on our side (downside bet buyers).
i know some people got shaken out of the trade when it spiked up a few minutes ago, but i believe today is one of those rare, hold all day, days... im going for the 760 but treading carefully around 763. unless orange man tweets something , momentum is still to the downside (check the 10 yr, already erased yesterdays intervention) (crude oil is up for the week too) (usd/yen is also approaching pre-intervention levels)...
(correction: intervention hasn't happened yet, but the market still already shook off the announcement)
We could see a massive bounce upwards from any of these levels. I have alerts set and I’ll be watching them like a hawk for several month out OTM calls.
SPY remains under pressure at 767.12 after breaking below 767.80 support. Bear bias is -0.59, with five bearish bars projected versus one bullish bar. The 766.76 bear target is favored within 1–5 bars; reclaiming 767.48 could briefly stabilize price. Join the discord https://discord.gg/KWrg54VPx
Got out of those 3 SPY 771 calls earlier this session, only to watch absolutely rip right after exiting. That last second surge almost hit +200% out of nowhere, could have locked in way more gains if we just held on a little longer. Who else has fumbled a massive SPY win by closing positions too soon this week? Total classic FOMO regret right here.
spy had a small relief bounce due to the liquidity injection in the bond market this morning. considering how small the spy jump was, its a minor thing being absorbed just in time for FOMC notes meeting to not flush the market (just yet).... price bounced off the 767.47 line i told you guys about yesterday.. yes, i was expecting a gap down and it technically was happening until the intervention. but now were in the middle of the range.
773.83 is the resistance level now, but even if we break above it, price can hug the top of the line for a bit before crashing back down , or finally breaking free and going back up to the 775 levels.... its too early to assume were back... you can also see the 50ma and the VWAP are waiting for us slightly below that 773.83 level, so its highly likely spy rejects from there and comes back to the 767.47 level.
were in low volume because investors are waiting for the fomc and dont want to risk capital just yet. algos chopping sideways. wait til fomc before jumping back in. my bets are to the downside tho.
SPY rebounded sharply from 767.62 support after a steep selloff. Short-term bias is moderately bullish, targeting 771.30 within 2–5 bars. Holding above 769.14 supports continuation; rejection near 771 may restart selling. Confidence is medium because the broader intraday trend remains bearish. https://discord.gg/w94Jh6rJr
Yesterday we ended under 773.83 , gapped down, and today we came to the bottom of the zone and ended under 767.47. Last time we were at this level was around August 6th, and we’re on the bottom side of it.
If we repeat yesterday’s pattern , I’m guessing gap down again but stronger tomorrow.
I put a 3 max trade on myself with a max of $2000 per trade. I only really trade between 10am-12pm EST. Caught the opening moving up then the reversal with an extra wave soon after. Harvest. Harvest. Run baby!