🟥 SPY (S&P 500 ETF)
- Trend: Strong uptrend, price hugging upper Bollinger Band
- MACD: Flatlined at highs — still bullish, but early signs of exhaustion
- RSI: Above 70 — technically overbought
- Volume: Light, suggests lack of conviction
🦁 Call:Neutral / Slightly Bearish
Overextended. Lacking strong buying volume → potential stall or pullback.💡 Trade Idea:
Bear Call Credit Spread
- Sell SPY Aug 16 $645 Call
- Buy SPY Aug 16 $655 Call
🎯 Defined-risk strategy if price stalls or pulls back from highs.
🟠 USO (Crude Oil ETF)
- Trend: Sideways
- MACD: Bearish crossover developing
- RSI: Neutral around 50
- Bollinger Bands: Rangebound within midline
🦁 Call:Neutral
No clear edge short term — stuck in consolidation zone.💡 Trade Idea:
Iron Condor (Aug 16 expiry)
- Sell $78 Call / Buy $80 Call
- Sell $72 Put / Buy $70 Put
🎯 Range-play strategy to capitalize on consolidation and low volatility.
🟡 GLD (Gold ETF)
- Trend: Consolidation under resistance
- MACD: Just turned bullish — mild signal
- RSI: In the 60s — strong, but not extreme
- Volume: Light, steady accumulation
🦁 Call:Bullish
Momentum slowly shifting — base forming under breakout level.💡 Trade Idea:
Bull Put Credit Spread (Aug 16 expiry)
- Sell GLD $305 Put
- Buy GLD $300 Put
🎯 Collect premium while positioning for upside or sideways action.
💰 Bitcoin (BTC)
🦁 Call:BULLISH
Macro tailwinds (inflation hedge, weakening dollar). Price structure supports an all-time high retest near $120K.
🧊 XRP
🦁 Call:BULLISH
After a strong parabolic move, cooling off — but structure remains solid. Flag or handle forming, positioning for next leg higher.