🔹 SPY (S&P 500 ETF)
Call: ⚠️ Cautiously Bearish (Short-Term)→ Technical Breakdown:
- Price: Rallied back to upper Bollinger Band
- MACD: Bullish crossover with widening — but may be peaking
- RSI: Flattening near 70 → potential exhaustion zone
- Volume: Lacks conviction → green candles on declining volume
→ Outlook:
This looks like a strong rally losing steam — key reversal risk is rising→ 📈 Options Trade Idea:
- Bear Put Spread(June 21 Expiry)
- Buy SPY $590 Put
- Sell SPY $570 Put
🔹 USO (United States Oil Fund)
Call: 🟡 Neutral to Cautiously Bullish→ Technical Breakdown:
- MACD: Just crossed bullish → early signal
- RSI: Neutral zone (~55), trending slightly up
- Volume: Still light → bulls cautious, no follow-through yet
→ Outlook:
Upside room exists, but without volume, any rally may be limited or choppy→ 📈 Options Trade Idea:
- Call Debit Spread(July 19 Expiry)
- Buy USO $70 Call
- Sell USO $75 Call
🔹 GLD (Gold ETF)
Call: 🟢 Bullish Bias – Reversal Watch→ Technical Breakdown:
- MACD: Bearish crossover still active → no reversal yet
- RSI: Stabilizing around 50 → potential base forming
- Price: Hovering above key support (~$288–$290 zone)
→ Outlook:
Momentum remains weak, but reversal may be close. No confirmation yet — but conditions are aligning for bounce.→ 📈 Options Trade Idea:
- Bull Call Spread (Anticipatory Entry)– July Expiry
- Buy GLD $290 Call
- Sell GLD $310 Call
🔹 Bitcoin (BTC/USD)
Call: ✅ STRONG BULLISH→ Technical Breakdown:
- Trend: Still pushing upward with no lower high violations
- Momentum: MACD and RSI both support continuation
- Volume: Strong — buyers remain in control
→ Outlook:
Momentum and structure both confirm trend strength
- Targeting: $110K+ remains valid
- No distribution signs = stay with the trend
🔹 XRP (Ripple)
Call: ✅ Bullish Bias Building→ Structure:
- Sideways consolidation continues
- Volatile base forming = energy building beneath resistance
→ Momentum Indicators:
- MACD curling higher
- RSI lifting off base → confirming bull rotation
→ Outlook:
Still under breakout levels, but bullish pressure is increasing
- Close above $2.50 would likely trigger next leg up toward $2.85–$3.00