🟡 SPY (S&P 500 ETF)
- RSI: Just under 70 — pulling back from overbought
- Volume: Low and steady — no signs of big moves yet
- MACD: Flattening, suggesting indecision
🦁 Bias:NEUTRAL
Price action hints at topping behavior or sideways consolidation. A breakout or breakdown will likely follow low-volatility compression.💡 Trade Idea:
Iron Condor Strategy (Neutral)
- Sell 1x SPY 555 Call
- Buy 1x SPY 560 Call
- Sell 1x SPY 535 Put
- Buy 1x SPY 530 Put
📆 Expiration: 2–3 weeks (e.g., July 12 or July 19)
🔻 USO (Crude Oil ETF)
- MACD: Bearish crossover confirmed
- RSI: Dropped sharply from overbought to ~50
- Volume: Heavy during recent sell-off — institutional exit likely
🦁 Bias:BEARISH (Short-Term)
Momentum and volume suggest further downside short-term, despite longer-term energy strength.💡 Trade Idea:
Put Debit Spread
- Buy USO 73 Put
- Sell USO 70 Put
📆 Expiry: 3 weeks out
🟠 GLD (Gold ETF)
- MACD: Flat, slightly negative — no clear momentum
- RSI: Hovering near 50 — neutral
- Volume: Quiet — could precede volatility expansion
🦁 Bias:NEUTRAL SHORT-TERM / BULLISH MID-TERM
Gold remains a defensive asset in uncertain macro conditions, with potential upside if inflation or Fed weakness re-emerge.💡 Trade Idea:
Call Vertical Spread (Bullish)
- Buy GLD 310 Call
- Sell GLD 320 Call
📆 Expiry: 3–4 weeks out
🟢 Bitcoin (BTC)
- Structure: Ascending channel intact
- Momentum: Higher lows continue
- Price Action: Strong recent rally with controlled dips
🦁 Bias:BULLISH
Institutional accumulation is visible, with a breakout toward $110K–$125K still likely if the $105K–$107K range holds.
🟢 XRP
- Structure: Cup-and-handle forming
- Momentum: Neutral, but support is holding
- Outlook: Coil before breakout
🦁 Bias:BULLISH BIAS
The longer XRP holds above $2.00, the higher the likelihood of a breakout toward $2.80–$3.00.