🎯 SPX Spot Reference: 6502.15
📆 0DTE Expiration: September 8, 2025
📍 Max Pain: 6450
📊 Bias: Neutral-to-bullish unless we fail to hold 6475
🥞 “We’re already on top of the stack, baby. Now we find out if bulls got syrup for more or if this breakfast gets flipped back.”
📈 If We Go Up from Here
| Magnet | Level | Notes |
| M1 | 6500 | High OI (3,041), heavy call volume (24,855) – spot is sitting right here |
| M2 | 6520 | Building interest (OI 2,158), upside continuation zone |
| M3 | 6525 | Moderate OI (2,893), decent volume – stretch zone if bulls extend |
🧠 Read:
If price bases above 6500, bulls may press toward 6520, with 6525 as the upside cap unless there’s a catalyst. Watch for stalling near M2.
📉 If We Go Down from Here
| Magnet | Level | Notes |
| D1 | 6490 | Mid OI (1,500), decent volume – first reaction level if spot slips |
| D2 | 6475 | 🔥 Highest total OI below spot (2,890), major magnet level |
| D3 | 6450 | 🎯 Max Pain – 3,632 total OI, key pin zone if sellers take control |
🧠 Read:
If we lose 6490, eyes on 6475 – that’s where most positioning sits. A break of 6475 likely pulls to 6450, where the market may stall or pin.
🧭 Grandma’s Playbook Summary
| Direction | Trigger | Magnet | Stretch |
| ⬆️ Up | Hold above 6500 | 6520 | 6525 |
| ⬇️ Down | Below 6490 | 6475 | 6450 (pin) |
✅ Summary
- 6500 is your intraday control pivot — bulls want to hold it
- 6475 is the big battle magnet if we fade
- Max Pain (6450) is the most likely end-of-day pin if bulls get tired or volatility cools Pre-Market Analysis, Stock Market New
IMPORTANT DISCLAIMER
This content is for educational purposes only and should not be considered financial advice. Trading involves substantial risk and may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making any trading decisions. The author assumes no responsibility for any losses that may occur from following this information.