MSFT setup for June 24

1H Chart + GEX (Options Sentiment) Overview
* Current Price: $485.99
* Strong Resistance Zone:
* 490 → 492.5 = Highest positive GEX zone / CALL Wall resistance
* Multiple GEX levels stacked:
* GEX7: 45.76%
* GEX8: 43.68%
* GEX9: 34.16%
* Support Zone:
* 477.5 → 482.5 = Key gamma support + previous demand cluster
* HVL (Highest Volume Level): $472.5 = major downside magnet if pullback strengthens
💡 GEX Bias:
* Very strong CALL side pressure.
* Implied volatility rank (IVR): 8.7 (very low) — ideal for debit spreads or long calls.
* GEX bars taper off past 492.5, showing limited bullish gamma fuel after that level — expect a fade or chop above 492.5.

💼 Options Trade Recommendation:
🔹 Strategy: Call Debit Spread
* Buy: 485C
* Sell: 490C
* Target: $489–$492 (highest GEX zone)
* Stop: Close below $482.5
* Rationale: IV is low, bullish trend, but heavy GEX wall at 490 could stall the rally. Safer to limit upside with spreads.

🕒 15-Min Chart Breakdown (Intraday SMC Price Action)

* Structure:
* BOS (Break of Structure) confirmed on upward move
* CHoCH (Change of Character) just below 486, minor pullback zone forming
* Current range forming inside a small red zone (15M supply) → watch for reaction here
* Support Areas:
* 483.88 = previous resistance → flipped support
* 482.50 = key EMA + demand zone base
* 477.40 = strong confluence with previous BOS and volume base
* Trendline Support: Still intact from earlier LTF rally — buyers still in control unless 482 breaks.

🛠️ Intraday Trade Plan
🔹 Bullish Scenario (preferred)
* Entry: 484.50–485.00 on pullback and confirmation
* Target: 487.50 → 490.00
* Stop: Below 483.50
🔹 Bearish Rejection Play (if rejection at red supply box holds)
* Entry: 486.50–487.00 (only on clear rejection + CHoCH)
* Target: 483.80 → 482.00
* Stop: Above 487.50

📌 Final Thoughts:
* Call Buyers clearly in control, but 490–492.5 is where the option market starts resisting price.
* IV is low → long premium trades make sense.
* Watch CHoCH zones intraday for any early weakness if market shifts risk tone.

📉 Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always manage risk and use proper sizing in trades.