🔹 SPY (S&P 500 ETF)
Call: 🟢 Cautiously Bullish – Technical Breakout Confirmed→ Technical Context:
- Price has reclaimed and held above the 200-day MA
- Signals restored confidence and market strength
- Short-term structure supports upside continuation if volume confirms
→ 📈 Trade Setup:
- Bull Call Spread – July Expiry
- Buy SPY $590 Call
- Sell SPY $610 Call
- Strategy: Targets moderate upside with defined risk
🔹 USO (United States Oil Fund)
Call: ⚖️ Neutral to Slightly Bullish – Trend Stabilizing→ Technical Context:
- +3.57% move recently → strength building
- Both short- and long-term MAs turning positive
- No major breakout yet, but support levels holding well
→ 📈 Trade Setup:
- Cash-Secured Put (July Expiry)
- Sell USO $67 Put
- Strategy: Either collect premium or enter long USO at a discount if exercised
🔹 GLD (Gold ETF)
Call: ✅ Bullish – Momentum Rebuilding→ Technical Context:
- RSI: 57.49 → healthy momentum without overbought risk
- Bollinger Bands: Expanding → breakout potential brewing
- Price structure remains in long-term uptrend
→ 📈 Trade Setup:
- Buy Call Option (August Expiry)
- Buy GLD $320 Call
- Strategy: Position for a breakout continuation in gold amid macro volatility
🔹 Bitcoin (BTC/USD)
Call: ✅ Bullish – Healthy Consolidation in Major Uptrend→ Technical Context:
- Structure: Higher highs and higher lows → intact
- Consolidating under resistance ~$110K
- No breakdown = strength
→ Outlook:
Break above $110K would confirm continuation
- Macro flows (fiat stress, inflation) remain BTC-bullish
🔹 XRP (Ripple)
Call: ✅ Bullish – Accumulation Phase→ Technical Context:
- Volume stable → no signs of exit liquidity or sell-off
- Consolidation phase after a huge run → coiling structure
- Base building = energy for potential breakout
→ Outlook:
Expect volatility expansion soon. Watch for trigger above $2.60–$2.75 zone.