🟢 SPY (S&P 500 ETF)
- Trend: Holding above all major moving averages
- MACD: Positive, flattening slightly
- RSI: ~67, nearing overbought but not diverging
- Volume: Light — pre-holiday lull likely in play
🦁 Bias:BULLISH (but cautious into the weekend)
Market is in a controlled melt-up. A breakout above 620 could trigger FOMO. Watch macro headlines into Friday's NFP and long weekend risk.💡 Options Trade Idea:
Bull Call Spread
- Buy SPY $615 Call
- Sell SPY $625 Call
📆 Expiry: 2–3 weeks (e.g., July 19 or July 26)
🎯 Targets 620–625 breakout
⚖️ USO (Crude Oil ETF)
- MACD: Bearish crossover holding
- RSI: Cooling near 55
- Volume: Mixed; energy names slightly bid after early-week dip
🦁 Bias:NEUTRAL (Short-term), BULLISH (Mid-term)
Consolidation phase after parabolic run. Watch $75–76 for breakdown or bounce.💡 Options Trade Idea:
Strangle for breakout OR breakdown
- Buy USO $74 Call
- Buy USO $72 Put
📆 Expiry: July 19
🎯 Expect a move out of tight range — direction uncertain
🟡 GLD (Gold ETF)
- MACD: Still flat
- RSI: Neutral (~50)
- Price: Coiling between $305–312
- Volume: Quiet — possible breakout prep
🦁 Bias:NEUTRAL to BULLISH
Gold is being quietly accumulated. Likely to surge if Fed shifts tone or geopolitical flare continues.💡 Options Trade Idea:
Bull Call Spread
- Buy GLD $310 Call
- Sell GLD $320 Call
📆 Expiry: 4–6 weeks (e.g., Aug 9)
🎯 Target: breakout above $312
💰 Bitcoin (BTC)
- Price: ~$107K, still holding higher lows
- Momentum: RSI stable (~60), MACD still positive
- Structure: Ascending trend intact
🦁 Bias:BULLISH
Break above $110K could send BTC to $125K+
Healthy consolidation continues with strong structure
🧬 XRP
- Structure: Symmetrical triangle forming
- MACD: Bullish lean, no breakdowns
- RSI: Flat, still neutral
🦁 Bias:BULLISH BIAS
Still coiled below $2.50 — breakout could trigger fast move toward $3.00