🟥 SPY (S&P 500 ETF)
- Trend: Sideways to slightly bearish after a strong rally
- Indicators:
- 📉 Volume fading = Lack of conviction
- 📊 Momentum stalling near recent highs
🦁 Bias:CAUTIOUSLY BEARISH
Current price action shows exhaustion. A pullback or sideways drift is likely.💡 Options Trade Setup:
Bear Call Spread or Put Calendar Spread
- Target Range: 550–545
- Expiration: 2–3 weeks (Jul 26 to Aug 2)
🎯 Take advantage of premium decay while positioning for near-term weakness.
🟠 USO (Crude Oil ETF)
- Trend: Sideways consolidation with upward bias
- Catalyst: Potential geopolitical spark
- Indicators:
- 🔄 Mild recovery curve forming
- 🧨 Volatile if conflict resumes
🦁 Bias:NEUTRAL TO CAUTIOUSLY BULLISH
Sideways pattern may coil into explosive breakout if oil headlines reheat.💡 Options Trade Setup:
Long Call Spread
- Buy USO $74 Call
- Sell USO $78 Call
- Expiration: 3–5 weeks
🎯 Good R:R ratio into a potential squeeze.
🟡 GLD (Gold ETF)
- Trend: Pullback, possible higher low
- Indicators:
- 📉 MACD weak but not bearish
- ⚖️ RSI ~50, base forming
- 🟩 Macro factors (currency debasement, rates) still supportive
🦁 Bias:BULLISH SETUP EMERGING
Currently digesting gains, but could resume trend on macro escalation.💡 Options Trade Setup:
Iron Condor (Neutral Strategy)
- Sell 1 GLD $215 Put
- Buy 1 GLD $210 Put
- Sell 1 GLD $225 Call
- Buy 1 GLD $230 Call
- Expiration: 3–4 weeks
🎯 Profit from range + optional breakout defense.
💰 Bitcoin (BTC)
- Structure: Strong long-term uptrend
- Signal: Institutional accumulation visible
- Volume: Stable and supportive
🦁 Bias:CAUTIOUSLY BULLISH
Still respecting trendlines. Needs more momentum to confirm breakout.
🧊 XRP
- Structure: Flat coil, lacking breakout energy
- Momentum: Weak, tilting bearish short term
- Risk: Breakdown below recent low = flush possible
🦁 Bias:NEUTRAL TO BEARISH (SHORT TERM)
Distribution signs visible. Needs strong volume breakout to reclaim bullish stance.
Long-term bias remains bullish, but the short-term setup is vulnerable.