SPX Weekly Outlook: FOMC Minutes, Key Levels & 0DTE Game Plan | Weekly Market Prep Ep 1

New series. Every week, I am going to give you my read on the S&P 500 for the week ahead — the levels that matter, the events that matter, and how I plan to trade it with 0DTE options. This is episode one.

I am Eddy Li. Here is the setup.

SPX closed at 7,774 — forty-three points from its all-time high. That is the headline and everything else flows from it. We are trading into a major level, not away from one. Forty-three points is noise; the market will either punch through and discover price, or reject and give us the kind of volatility day traders live for. Both outcomes are tradeable. Being surprised by either is not.

The calendar event this week is the FOMC minutes, out Wednesday at 2 PM Eastern. Minutes are not a rate decision — they are a tone read. The market is not pricing a surprise; it is pricing a confirmation or a contradiction of what Powell already signaled. That makes the release a two-sided event: a hawkish surprise from the minutes can pull the index off the highs fast, and a dovish read can send it ripping into the breakout. My game plan accounts for both. I will say it plainly: I do not predict the minutes. I prepare for both reads and trade the reaction.

Technically, the structure is clean. SPX is in an uptrend holding above its key short-term levels, and the all-time high is the line in the sand. On a break above, momentum continuation — day traders get their extension moves, and I will be looking for pullback entries rather than chasing the break. On a rejection, the recent swing levels become the first targets, and the move gets sharper, faster, more violent — which is where 0DTE options get their edge. Volatility pays the options seller's premium, and we are the ones collecting it when the plan is right.

My 0DTE game plan for the week: first, do not touch the open until it breaks out of range unless you are experienced enough to scalp it fast on 30-second candles. The open is a lottery ticket; the range break is a trade. Second, the FOMC minutes release is a known volatility event — position size comes down ahead of it, not up. Amateurs size up into news. Professionals size down. Third, key levels are zones, not lines. Forty-three points under the high, the market will probe, fake, and shake before it decides. Trade the probes with small size; trade the decision with real size.

One more thing worth noting because it is the theme of this whole market right now: the mega-caps are carrying this index. When the big ten move, SPX moves. Watch them, not the broad market internals, if you want the honest read on whether this breakout has fuel or is running on fumes.

That is episode one of Weekly Market Prep. Every week, the levels, the events, and the plan — before the week trades, not after. If you trade SPX options for a living or want to, this series is for you.

If you want to see how I read price action live every morning and point out the setups before they move, I do it inside our live trading room every Monday at 9 AM Eastern. You can try the room free for 7 days.

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The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything.