09 Jul
09Jul

🟥 SPY (S&P 500 ETF)

  • Bollinger Bands: Price hugging upper band → short-term overextension risk
  • MACD: Still bullish but flattening → divergence likely
  • Volume: Weakening as price climbs → red flag

🦁 Bias:NEUTRAL to SHORT-TERM BEARISH

Momentum slowing near resistance; a pullback becomes more probable.💡 Trade Idea:

Bear Put Spread

  • Buy SPY $620 Put
  • Sell SPY $600 Put
  • Expiration: 3–4 weeks
    🎯 Defined-risk setup to benefit from a possible retracement.

🟠 USO (Crude Oil ETF)

  • Bollinger Bands: Price broke upper band, now modest retrace → healthy flag
  • MACD: Bullish, though histogram is fading
  • Volume: Stable

🦁 Bias:SHORT-TERM BULLISH

This looks like a textbook flag pullback in a strong trend.💡 Trade Idea:

Bull Call Spread

  • Buy USO $78 Call
  • Sell USO $84 Call
  • Expiration: 3–5 weeks
    🎯 Ride the continuation while managing exposure.

🟡 GLD (Gold ETF)

  • Bollinger Bands: Narrowing, with price drifting lower
  • MACD: Bearish crossover → early weakness
  • Volume: Lack of conviction, low participation

🦁 Bias:NEUTRAL TO BEARISH

No bid support yet; gold may remain under pressure in near-term.💡 Trade Idea:

Bear Put Spread

  • Buy GLD $305 Put
  • Sell GLD $295 Put
  • Expiration: 3–4 weeks
    🎯 Risk-controlled play for further drift lower.

💰 Bitcoin (BTC)

  • Structure: Bullish stair-step → higher highs/lows
  • Volume: Normalized, indicating true support
  • Momentum: Healthy consolidation

🦁 Bias:BULLISH

Consolidation in strength, not weakness. Trend remains intact.


🧊 XRP

  • Structure: Tight range = accumulation phase
  • Volume & Action: Likely institutional positioning

🦁 Bias:BULLISH (Cautiously)

As long as support holds, odds favor upside breakout.

Comments
* The email will not be published on the website.