SPX is at 6,661.21 on September 30 with a long bias, but momentum is weakening in dealer-hedging zones. Take longs above 6,650 targeting 6,675, but be ready to fade back to 6,640-6,625 if price stalls near 6,680.
Grandma's SPX Zero DTE report, September 30th, 2025. Current spot: 6,661.21. Resistance zone: 6,650 to 6,680. Heavy supply at 6,675 to 6,700. Bias: long. A spot cleared 6,650, but caution with strong call OI overhead. Market outlook: Momentum slowing in dealer hedging zones. Risk of chop fade unless breakout is strong. Intraday zones: Upside: Hold 6650, target 6675 to 6700, max stretch 6715. Downside: Lose 6640, target 6625 to 6600, with 6575 trap risk. Playbook: Longs above 6650 towards 6675 but expect stall near 6680+. Fails near 6675 could fade back to 6640 to 6625.
