🔹 SPY (S&P 500 ETF)
Trend: Uptrend Accelerating→ Price Action:
- Recent breakout above key resistance zones
- Currently building higher highs with constructive momentum
→ Momentum Indicators:
- MACD & RSI in alignment with bullish continuation
- Price pushing into new short-term territory
→ Bias:Cautiously Bullish
- Short-term upside may face minor resistance, but structure remains intact
→ Options Trade Idea:
- Buy SPY $570 Call, Exp. May 31, 2025
🔹 USO (United States Oil Fund)
Trend: Bearish→ Price Action:
- Lower highs and lower lows confirm downward trajectory
- Price remains under both the 9-day and 18-day SMAs
→ Momentum Indicators:
- MACD deep in negative territory
- RSI trending lower, showing no signs of reversal
→ Bias:Bearish→ Options Trade Idea:
- Buy USO $62 Put, Exp. May 31, 2025
🔹 GLD (Gold ETF)
Trend: Strong Bullish Breakout→ Price Action:
- Broke out of recent consolidation range → fresh upside expansion
- Price structure remains clean above moving averages
→ Momentum Indicators:
- MACD bullish, RSI stable → trend strength continues
- Institutional volume supports the breakout
→ Bias:Bullish→ Options Trade Idea:
- Buy GLD $315 Call, Exp. May 31, 2025
🔹 Bitcoin (BTC/USD)
Bias:Bullish (Short-to-Medium Term)→ Technical View:
- Still respecting long-term uptrend
- MACD and RSI suggest momentum recovery underway
- Consolidation phases continue to hold higher lows
→ Key Zone to Watch:
- Breakout above $96K = next impulse toward $100K+
🔹 XRP (Ripple)
Bias:Bearish (Neutral-to-Negative)→ Technical View:
- Price continues to lag behind broader crypto market
- MACD remains flat, RSI mid-range → no strong signal
- Still below key resistance without significant volume
→ Outlook:
- Until momentum or volume shifts → risk remains to the downside