🟠 SPY (S&P 500 ETF)
📉 Bias: Bearish
- 📌 Price Action: Tight consolidation near highs with fading momentum
- 📉 MACD: Weakening
- ⚖️ RSI: Neutral
- 🔇 Volume: Dropping
💡 Trade Idea:
🪂 Bear Put Spread → Buy SPY 540 Put / Sell 530 Put (30–45 DTE)
🎯 Risk-defined. Profit if weakness unfolds.
🛢️ USO (Crude Oil ETF)
📉 Bias: Cautiously Bearish (Short-term)
- 📈 Pattern: Parabolic move
- 🚨 RSI: Above 80 (danger zone)
- 🟡 MACD: High but peaking
- 🔊 Volume: Euphoric
💡 Trade Idea:
🪂 Put Debit Spread → Buy USO 83 Put / Sell 78 Put (15–30 DTE)
🟡 GLD (Gold ETF)
📈 Bias: Bullish (Medium-term)
- 🧱 Structure: Holding breakout zone
- 📊 RSI: Stable
- 🌀 MACD: Flat but ready to lift
- 🌫️ Volume: Cooling
💡 Trade Idea:
📈 Call Debit Spread → Buy GLD 320 Call / Sell 330 Call (45–60 DTE)
₿ Bitcoin (BTC)
🚀 Bias: Bullish (Consolidation)
- 🧭 Structure: Bounce at ~$100K support
- 🔁 Pattern: Descending channel
- ⚡ Momentum: RSI near 60
💡 Outlook: Neutral to Bullish → Healthy base forming for next leg up.
💠 XRP
📈 Bias: Neutral to Bullish
- 🌀 Structure: Ascending channel above $2.00
- ⚖️ RSI: 55–60
- 🧊 Volume: Thinning (pre-move setup)
💡 Outlook: Neutral to Bullish → Watch $2.00 support for breakout/breakdown signal.