Grandma’s SPX ZERO DTE Analysis Wednesday, September 17, 2025
In this brief market commentary, the presenter (branded as “Grandma”) provides an intraday analysis of the S&P 500 index (SPX) ahead of the Federal Open Market Committee (FOMC) meeting and Chairman Jerome Powell’s speech on September 17, 2025. The current SPX spot is 6608.73 with a max‑pain level at 6590, which is identified as the critical pivot point. The analysis outlines two directional scenarios: an upside case if the index holds above 6590 and Powell adopts a dovish tone, targeting 6625, 6650, and 6675, while noting the risk of an exhaustion fade after an initial spike; and a downside case if the index breaks below 6590, targeting 6550 and 6525, with the risk of accelerated selling due to light put open interest. The presenter emphasizes that Powell’s tone will drive market direction and advises traders to “trade the break, not the rumor,” positioning the 6590 pivot as the decisive level for bullish or bearish moves.
