🔹 SPY (S&P 500 ETF)
Tactical Call:Cautiously Bullish→ Momentum Indicators:
- RSI: Approaching 60 — climbing, not yet overbought
- MACD: Confirmed bullish crossover, histogram rising
→ Tactical Take:
- This is a relief rally within a larger downtrend
- Key resistance ahead: 550–560 zone
- Bull confirmation only comes with breakout above 565 + volume
→ Short-Term Options Ideas:
- ✅ Bullish Setup (defined risk):
- May 10th 555c/565c Bull Call Spread — play the push, cap risk if breakout fails
- 🔻 Bearish Setup (if rejection):
- May 10th 560p/550p Bear Put Spread — activate if price stalls at 560, especially with rising VIX or weak breadth
🔹 USO (United States Oil Fund)
Tactical Call:Short-Term Bearish→ Momentum Indicators:
- RSI: Rolling over from ~50 → loss of bullish momentum
- MACD: Bearish crossover confirmed
→ Tactical Take:
- Failed breakout attempt
- Oil may continue drifting lower → possible test of $64
- Easing supply fears + stronger dollar = pressure on price
→ Short-Term Options Ideas:
- 🔻 Bear Put Spread (defined risk):
- May 10th 67p/64p — cheap risk profile, aligns with breakdown
- 🐻 Aggressive Bear Setup:
- Straight May 67 Puts — direct play if crude drops under $66
🔹 GLD (Gold ETF)
Tactical Call:Bullish Momentum Intact→ Momentum Indicators:
- RSI: ~65–70 → strong but not overheated
- MACD: Bullish and widening
→ Tactical Take:
- Trend remains strong → dips being bought aggressively
- Drivers: inflation fear + dollar weakness + global uncertainty
→ Short-Term Options Idea:
- ✅ Bull Call Spread:
- May 10th 305c/315c — ride momentum, with defined upside risk
🔹 Bitcoin (BTC)
Tactical Call:Bullish→ Trend Overview:
- Rebounded strongly from April lows (~$76K)
- Currently trading around $94,000
- Broke out from a 4-month falling wedge
- Closed above 200-day moving average = major technical signal
→ Momentum Indicators:
- RSI: Above 50 → bullish zone
→ Outlook:
- Momentum is strengthening → confirmed bullish structure
- Next key resistance lies around $97K–$100K
🔹 XRP (Ripple)
Tactical Call:Bullish with Caution→ Trend Overview:
- Holding firm despite broader market volatility
- Structure remains intact → slow recovery in progress
→ Outlook:
- No explosive volume yet, but signs of resilience
- Needs clean break above resistance to shift fully bullish