⏱️ 1‑Hour Chart Overview
Key Zones
* Support: $597–$601 — built on put-gamma support
* Resistance: $605–$607 — topped by call-gamma walls
Bias: Cautiously bullish — awaiting confirmation above $600–601
Trade Idea:
* Structure: Bull call spread (600/605 strikes)
* Targets:
* T1: $605 (initial gamma cap)
* T2: $607 (upper gamma wall)
* Invalidation: Break decisively below $595
Management:
* Entry: Buy near $600–601 with bullish candle and supportive volume
* Scaling: Start small and layer in if price holds
* Exit:
* Take partial profits at $605
* Trail to $607
* Exit if SPY drops below $595
Why It Works: Gamma flows from option expiries tend to provide momentum near the spread’s strikes, and the debit structure defines both risk and reward.
⏳ 15‑Minute Chart (Intraday Entry)
Setup Window: Zooming in for precise entry within 1‑hour framework
What to Observe
1. Pullback to $600–601
* Look for a bullish reversal candle (hammer, engulfing) on 15‑m
* Ideally, with increasing volume
2. Confirmation Signal
* Break above the high of that reversal candle
* Volume support confirms genuine demand
3. Momentum Alignment
* Pair with an intraday oscillator (e.g., Muscle mover, RSI rising)
* Candles should show higher lows or extended wick above support
15‑Minute Trade Rules
* Entry: Market or limit buy on a 15‑m candle closing above reversal high (~$601)
* Stop: Under that candle’s low (e.g., ~$599.50)
* Profit Scaling:
* Partial de‑risk at ~$605
* Full exit planned at ~$607
🚦 Multi‑Timeframe Strategy Summary
1‑Hour: Macro bias and strike framework 15‑Min: Precision entry zone & risk control Spread Trade: Leverages GEX structure for momentum capture
Risk Defined: Debit known, stops clear Upside Potential: Push toward gamma-neutralizing walls Flow Edge: Option hedging dynamics predominantly active around spread levels
🧠 Watchlist
* Price behavior near $600–601 on 15‑m
* Volume surge with bullish candle
* Macro drivers: Fed noise, SPX futures action, sector rotation
* Shifts in implied volatility that may affect spread pricing
Trade with discipline — defined risk, entry precision, steady management. Disclaimer: Not financial advice. All trading involves risk; do your own due diligence.
Key Zones
* Support: $597–$601 — built on put-gamma support
* Resistance: $605–$607 — topped by call-gamma walls
Bias: Cautiously bullish — awaiting confirmation above $600–601
Trade Idea:
* Structure: Bull call spread (600/605 strikes)
* Targets:
* T1: $605 (initial gamma cap)
* T2: $607 (upper gamma wall)
* Invalidation: Break decisively below $595
Management:
* Entry: Buy near $600–601 with bullish candle and supportive volume
* Scaling: Start small and layer in if price holds
* Exit:
* Take partial profits at $605
* Trail to $607
* Exit if SPY drops below $595
Why It Works: Gamma flows from option expiries tend to provide momentum near the spread’s strikes, and the debit structure defines both risk and reward.
⏳ 15‑Minute Chart (Intraday Entry)
Setup Window: Zooming in for precise entry within 1‑hour framework
What to Observe
1. Pullback to $600–601
* Look for a bullish reversal candle (hammer, engulfing) on 15‑m
* Ideally, with increasing volume
2. Confirmation Signal
* Break above the high of that reversal candle
* Volume support confirms genuine demand
3. Momentum Alignment
* Pair with an intraday oscillator (e.g., Muscle mover, RSI rising)
* Candles should show higher lows or extended wick above support
15‑Minute Trade Rules
* Entry: Market or limit buy on a 15‑m candle closing above reversal high (~$601)
* Stop: Under that candle’s low (e.g., ~$599.50)
* Profit Scaling:
* Partial de‑risk at ~$605
* Full exit planned at ~$607
🚦 Multi‑Timeframe Strategy Summary
1‑Hour: Macro bias and strike framework 15‑Min: Precision entry zone & risk control Spread Trade: Leverages GEX structure for momentum capture
Risk Defined: Debit known, stops clear Upside Potential: Push toward gamma-neutralizing walls Flow Edge: Option hedging dynamics predominantly active around spread levels
🧠 Watchlist
* Price behavior near $600–601 on 15‑m
* Volume surge with bullish candle
* Macro drivers: Fed noise, SPX futures action, sector rotation
* Shifts in implied volatility that may affect spread pricing
Trade with discipline — defined risk, entry precision, steady management. Disclaimer: Not financial advice. All trading involves risk; do your own due diligence.
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.