08 Jul
08Jul

🟥 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.

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