🟠 SPY (S&P 500 ETF)
📉 Bias: Neutral
- 📈 Price: Grinding higher just under resistance
- 📏 Bollinger Bands: Tightening → consolidation likely
- 🧭 MACD: Bearish crossover confirmed → fading momentum
- ⚖️ RSI: Near 60, flat → no real strength confirmation
💬 Outlook: Market lacks conviction for a new high; unless buyers step in, range-bound action likely.
💡 Options Trade Idea:
🎯 IRON CONDOR - Sell 625 Call / Buy 630 Call
- Sell 605 Put / Buy 600 Put
- 📆 Expiry: July 12 or July 19 (2–3 weeks out)
🛢️ USO (Crude Oil ETF)
📉 Bias: Bearish Reversal
- 🧭 MACD: Bearish crossover in progress
- ⚖️ RSI: Dropped sharply from overbought → now neutral
💬 Outlook: Reversal pattern forming after euphoric breakout; downside momentum building
💡 Options Trade Idea:
📉 Bear Put Spread - Buy July 80 Put / Sell July 74 Put
🟡 GLD (Gold ETF)
📊 Bias: Neutral / Tilted Bullish
- 🧭 MACD: Below signal but flattening → early reversal signs
- ⚖️ RSI: Mid-range, waiting for direction
💬 Outlook: Gold holding structure, signs of coiling for next move
💡 Options Trade Idea:
📈 Bull Call Spread - Buy July 310 Call / Sell July 320 Call
₿ Bitcoin (BTC)
🚀 Bias: Bullish
- 🧭 Outlook: Calm before the storm — potential explosive breakout
- 💵 Macro Tailwind: Dollar getting dumped → positive for Bitcoin
💬 Structure: Strong long-term trend, no parabolic top — steady accumulation
🦁 Call: BULLISH → breakout toward $120K–130K possible on macro tailwinds
💠 XRP
🚀 Bias: Bullish
- 🔄 Structure: Coiling in accumulation pattern
- 💵 Macro Tailwind: Weakening dollar supports altcoins
💬 Outlook: Similar to BTC — prepping for breakout phase
🦁 Call: BULLISH → breakout above $2.50 may lead to acceleration toward previous highs