Grandma’s SPX Analysis– Friday, Sept 12, 2025

SPX August 27 25

📍 Spot Reference: 6595.47
📆 0DTE Expiration: September 12, 2025
📊 Max Pain: 6480
📐 Bias: Bullish momentum sustained, but a stall near 6600 is likely
🎯 OI suggests bulls are in control — but things are crowded up here


🥞 Grandma’s Opening Quote:
“That top pancake’s real fluffy, sugar… but don’t be surprised if someone pokes it with a fork.”


📈 If We Go Up From Here

MagnetLevelWhat’s There
M16600🎯 Highest OI (8,835), biggest call stack, huge volume – strong magnet, but also stall risk
M266102,899 OI, 11,500 vol – would need real momentum
M366203,148 OI – possible blow-off stretch into close

🧠 What it Means:
Bulls are pinned to 6600, but they may get exhausted here unless we get a late-session squeeze or external catalyst.


📉 If We Go Down From Here

MagnetLevelWhat’s There
D16590Moderate OI, recent build – could be a backtest level
D26580Strong put/call volume – solid battle zone
D36550⚠️ Second-highest call OI (7,874) and huge volume – if things fade, this is the likely pullback base

🧠 What it Means:
If 6590 breaks, 6580 could catch price. Anything below that brings 6550 back into play – but bulls have to fumble for that to happen.


💡 Quick Summary

DirectionTriggerMagnetStretch
⬆️ LongHold above 65956600 → 66106620
⬇️ ShortBreak below 65806550Max Pain (6480) only if trend shifts hard

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.

Related Posts