09 Jun
09Jun

🔹 SPY (S&P 500 ETF)

Call: ✅ Bullish Bias – BUT Pullback Due Soon

→ Trend: Price riding upper Bollinger Band = strength

→ MACD: Bullish but flattening = momentum slowing

→ RSI: 65–70 = elevated, close to overbought

→ Volume: Average = no blow-off top📈 Trade Ideas:

  • Short-Term Bullish Credit Put Spread:
    • Sell SPY 585 Put
    • Buy SPY 580 Put
    • Expiry: 1–2 weeks
  • Hedge Protection (Pullback Anticipation):
    • Buy SPY 580 Put (3–4 weeks out, small size)

🔹 USO (United States Oil Fund)

Call: ✅ Bullish – Trend Reversal Confirming

→ MACD: Bullish crossover

→ RSI: Breaking above 55 = room to run

→ Price: Reclaiming 9 & 18 SMA = new trend forming

→ Volume: Confirming move = institutional interest📈 Trade Ideas:

  • Directional Bull Play:
    • Buy 72 Call / Sell 75 Call (2–4 weeks out)
  • Conservative Bull Bias Play:
    • Sell 70 Put / Buy 68 Put (Credit Put Spread)

🔹 GLD (Gold ETF)

Call: 🔄 Neutral-to-Bullish – Watching for Breakout

→ Trend: Holding above 18 SMA = long-term trend intact

→ MACD: Slight bearish roll = pause phase

→ RSI: Cooling to ~55 = healthy

→ Volume: Light = waiting for catalyst📈 Trade Ideas:

  • Accumulation Play:
    • Sell 305 Put / Buy 300 Put
  • Breakout Confirmation Play:
    • Buy 320+ Calls IF breakout above 320 w/volume

🔹 Bitcoin (BTC/USD)

Call: ✅ Bullish – Strong Structure, Healthy Pullback

→ Price Action: Higher highs + higher lows

→ MA Support: Holding 50 & 200 EMA = trend strength

→ Pullback: ~7–8% to $103K–$105K = buy zone

→ Smart Money Activity: Institutional accumulation present→ Outlook: Bullish. Next breakout zone = above $110K


🔹 XRP (Ripple)

Call: 🟡 Neutral-to-Bullish (Short-Term) | ✅ Bullish (Long-Term)

→ Pattern: Holding $2.19–2.20 = critical support

→ Death Cross: Developing → cautious short term

→ Resistance: $2.28–2.30, then $2.50+ = breakout levels

→ Volume: Solid base = not panic selling📈 Outlook:

  • Short-Term: Neutral to Bullish
  • Long-Term: Bullish with continuation likely if $2.50 clears
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