10 Jun
10Jun

🔹 SPY (S&P 500 ETF)

Call: ✅ BULLISH – Technical Breakout Confirmed

→ Trend: Price broke above pennant near 6,000

→ Bollinger Bands: Riding upper band = strong momentum

→ MACD: Flattening but still positive

→ RSI: 60–65 = room to run

→ Volume/Flow: Institutional buy imbalance of +$827M confirms strength📈 Trade Idea:

  • Bull Call Spread (July):
    • Buy $605/$610 Call
    • Sell $620 Call
    • Target upside: 6,150–6,200

🔹 USO (United States Oil Fund)

Call: ✅ BULLISH – Trend Reversal Breakout

→ Trend: Broke out above $70 and 50 SMA

→ RSI: Near overbought = possible consolidation

→ Volume: Surge confirms bullish intent

→ Resistance Zone: $67–72 range📈 Trade Idea:

  • Bull Call Spread (July):
    • Buy $72 Call
    • Sell $75 Call
    • Defined risk, profit from upside move

🔹 GLD (Gold ETF)

Call: 🟡 NEUTRAL-to-BULLISH – Range-bound Consolidation

→ Trend: Holding $308–310 range

→ MACD: Slightly negative, consolidating

→ RSI: ~50 = neutral

→ Volatility: Tight, waiting for catalyst📈 Trade Idea:

  • Iron Condor (July Mid):
    • Sell $305 Put / Buy $300 Put
    • Sell $315 Call / Buy $320 Call
    • Profits in range-bound scenario

🔹 Bitcoin (BTC/USD)

Call: ✅ STRONGLY BULLISH – Breakout in Play

→ Structure: Higher lows + clean breakout

→ Momentum: Pullbacks are shallow and quickly bought

→ RSI: Near overbought, but no bearish divergence

→ Trend: Solid continuation toward new ATHs📈 Outlook: Bullish continuation toward $115K–120K next if $110K breaks


🔹 XRP (Ripple)

Call: ✅ BULLISH – Quiet Strength in Structure

→ MACD: Consolidation phase, no bearish shift

→ RSI: Mid-range = upside potential

→ Support: $2.19–2.20

→ Resistance to Watch: $2.30 then $2.50📈 Outlook: Bullish. Clean structure holding with upside potential

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