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.

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📢 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.

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