🧠 Professional Market Playbook 📅 Date: Friday, May 23, 2025 Markets Covered: SPY | USO | GLD | BTC | XRP

🔹 SPY (S&P 500 ETF)

Call: 🔻 Near-Term Bearish→ Technical Breakdown:

• Bollinger Bands: Pulled back off the upper band toward the 20-day SMA
• MACD: Still above zero, but bearish crossover is forming
• RSI: Cooling off from overbought (now ~58)
• Volume: Red days show uptick → early distribution signals

→ Outlook:

Short-term exhaustion in play. Market may drift down toward $570–572 zone unless strong bid steps in.→ 📈 Options Trade Ideas:

1. Put Debit Spread (Retracement Play):
   • Buy SPY $580 Put / Sell $570 Put
   • Expiry: 2–3 weeks out
2. Hedge for Long Exposure:
   • Buy SPY $570 Puts, 1–2 weeks out
   • Low-cost downside insurance

🔹 USO (United States Oil Fund)

Call: 🟡 Neutral to Slightly Bearish→ Technical Breakdown:

• MACD: Positive but flattening
• RSI: Neutral zone (~52)
• Price: Hovering around 9/18-day SMA cross → indecision area
• Macro: Uncertainty from global headlines = choppy, reactive oil market

→ Outlook:

Struggling to hold trend. Momentum fading unless geopolitical tailwind appears.→ 📈 Options Trade Ideas:

1. Bear Put Spread (Default Bias):
   • Buy USO $67 Put / Sell $64 Put
   • Expiry: 2–3 weeks out
2. Reversal Play (If News-Driven Bounce):
   • Buy $70 Call, 1-week expiry
   • Entry only after bullish confirmation candle

🔹 GLD (Gold ETF)

Call: 🟢 Bullish on Pullback – Macro Strength Intact→ Technical Breakdown:

• MACD: Bearish crossover forming
• RSI: Declining toward 50
• Trend: Still bullish macro-wise, but short-term pressure after rejecting ~$320

→ Outlook:

Gold remains a key macro hedge. Pullback provides opportunity to reenter — especially if price tests $295 zone.→ 📈 Options Trade Ideas:

1. Bull Call Spread (Controlled Bullish Reentry):
   • Buy $300 Call / Sell $310 Call
   • Expiry: 2–3 weeks
2. Aggressive Dip Buyer Strategy:
   • Buy $295–$297 Call only if RSI nears 40 + price touches trendline

🔹 Bitcoin (BTC/USD)

Call: ✅ Strong Bullish – Trend Accelerating→ Structure:

• Steep rally forming bull flag consolidation
• Price action remains above previous ATHs → bullish continuation structure

→ Momentum:

• No exhaustion signs
• Volume + price action consistent with institutional accumulation

→ Outlook:

Next upside extension toward $115K possible if macro tailwinds continue (fiat stress, inflation, capital flight)

🔹 XRP (Ripple)

Call: ✅ Bullish – Breakout Setup Still Forming→ Structure:

• Bull flag / handle-like continuation forming
• Tight range, not breaking down

→ Outlook:

Momentum building quietly. A close above $2.60 would likely ignite next move toward $3.00+