1H Chart + GEX (Options Sentiment) Overview
* Current Price: $485.99
* Strong Resistance Zone:
* 490 → 492.5 = Highest positive GEX zone / CALL Wall resistance
* Multiple GEX levels stacked:
* GEX7: 45.76%
* GEX8: 43.68%
* GEX9: 34.16%
* Support Zone:
* 477.5 → 482.5 = Key gamma support + previous demand cluster
* HVL (Highest Volume Level): $472.5 = major downside magnet if pullback strengthens
💡 GEX Bias:
* Very strong CALL side pressure.
* Implied volatility rank (IVR): 8.7 (very low) — ideal for debit spreads or long calls.
* GEX bars taper off past 492.5, showing limited bullish gamma fuel after that level — expect a fade or chop above 492.5.
💼 Options Trade Recommendation:
🔹 Strategy: Call Debit Spread
* Buy: 485C
* Sell: 490C
* Target: $489–$492 (highest GEX zone)
* Stop: Close below $482.5
* Rationale: IV is low, bullish trend, but heavy GEX wall at 490 could stall the rally. Safer to limit upside with spreads.
🕒 15-Min Chart Breakdown (Intraday SMC Price Action)
* Structure:
* BOS (Break of Structure) confirmed on upward move
* CHoCH (Change of Character) just below 486, minor pullback zone forming
* Current range forming inside a small red zone (15M supply) → watch for reaction here
* Support Areas:
* 483.88 = previous resistance → flipped support
* 482.50 = key EMA + demand zone base
* 477.40 = strong confluence with previous BOS and volume base
* Trendline Support: Still intact from earlier LTF rally — buyers still in control unless 482 breaks.
🛠️ Intraday Trade Plan
🔹 Bullish Scenario (preferred)
* Entry: 484.50–485.00 on pullback and confirmation
* Target: 487.50 → 490.00
* Stop: Below 483.50
🔹 Bearish Rejection Play (if rejection at red supply box holds)
* Entry: 486.50–487.00 (only on clear rejection + CHoCH)
* Target: 483.80 → 482.00
* Stop: Above 487.50
📌 Final Thoughts:
* Call Buyers clearly in control, but 490–492.5 is where the option market starts resisting price.
* IV is low → long premium trades make sense.
* Watch CHoCH zones intraday for any early weakness if market shifts risk tone.
📉 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and use proper sizing in trades.
* Current Price: $485.99
* Strong Resistance Zone:
* 490 → 492.5 = Highest positive GEX zone / CALL Wall resistance
* Multiple GEX levels stacked:
* GEX7: 45.76%
* GEX8: 43.68%
* GEX9: 34.16%
* Support Zone:
* 477.5 → 482.5 = Key gamma support + previous demand cluster
* HVL (Highest Volume Level): $472.5 = major downside magnet if pullback strengthens
💡 GEX Bias:
* Very strong CALL side pressure.
* Implied volatility rank (IVR): 8.7 (very low) — ideal for debit spreads or long calls.
* GEX bars taper off past 492.5, showing limited bullish gamma fuel after that level — expect a fade or chop above 492.5.
💼 Options Trade Recommendation:
🔹 Strategy: Call Debit Spread
* Buy: 485C
* Sell: 490C
* Target: $489–$492 (highest GEX zone)
* Stop: Close below $482.5
* Rationale: IV is low, bullish trend, but heavy GEX wall at 490 could stall the rally. Safer to limit upside with spreads.
🕒 15-Min Chart Breakdown (Intraday SMC Price Action)
* Structure:
* BOS (Break of Structure) confirmed on upward move
* CHoCH (Change of Character) just below 486, minor pullback zone forming
* Current range forming inside a small red zone (15M supply) → watch for reaction here
* Support Areas:
* 483.88 = previous resistance → flipped support
* 482.50 = key EMA + demand zone base
* 477.40 = strong confluence with previous BOS and volume base
* Trendline Support: Still intact from earlier LTF rally — buyers still in control unless 482 breaks.
🛠️ Intraday Trade Plan
🔹 Bullish Scenario (preferred)
* Entry: 484.50–485.00 on pullback and confirmation
* Target: 487.50 → 490.00
* Stop: Below 483.50
🔹 Bearish Rejection Play (if rejection at red supply box holds)
* Entry: 486.50–487.00 (only on clear rejection + CHoCH)
* Target: 483.80 → 482.00
* Stop: Above 487.50
📌 Final Thoughts:
* Call Buyers clearly in control, but 490–492.5 is where the option market starts resisting price.
* IV is low → long premium trades make sense.
* Watch CHoCH zones intraday for any early weakness if market shifts risk tone.
📉 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and use proper sizing in trades.
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.