🔹 SPY (S&P 500 ETF)
Call: 🔹 NEUTRAL to BEARISH LEAN – Major Move Incoming
- Price Structure: Compression pattern near highs; preparing for a breakout or breakdown.
- MACD: Still bullish, but flattening; MACD crossover down would confirm bearish breakdown.
- RSI: Elevated (~65–70), close to potential rejection area.
- Volume: Drying up; classic pre-breakout compression.
- Conclusion: Market is on edge. Watch for confirmation via volume. Major move incoming.
📈 Trade Ideas:
- Bearish Play (Primary): Buy SPY $600 Puts (July 19 Exp.)
- Bullish Play (Breakout Confirmed): Buy SPY $615 Calls (July 19 Exp.)
🔹 USO (United States Oil Fund)
Call: ✅ BULLISH – Breakout Building
- MACD: Strong bullish crossover in May, trend intact.
- RSI: Rising to ~65, still room to move higher.
- Volume: Slightly increasing, supportive of continuation.
- Macro Support: Dollar weakness, Middle East tension, inflation.
📈 Trade Idea:
- Buy USO $72 or $73 Calls (July 19 Exp.)
🔹 GLD (Gold ETF)
Call: ✅ BULLISH – Bull Flag in Formation
- Trend: Holding 18-day moving average cleanly.
- MACD: Softening, but still above signal line. No bear crossover.
- RSI: Neutral (~55–60). Plenty of room for upside.
- Volume: Low, typical of consolidation phase.
- Read: GLD forming textbook bull flag. Awaiting catalyst (e.g., weaker dollar, bond yield drop).
📈 Trade Idea:
- Buy GLD $310 or $315 Calls (July 19 Exp.)
🔹 Bitcoin (BTC/USD)
Call: ✅ LEAN BULLISH – Bull Flag Breakout Confirmed
- Chart Pattern: Clean breakout above $105.3K from bull flag.
- Moving Averages: Golden cross confirmed (50-day above 200-day).
- Momentum: Strong. Uptrend intact. But: watch for signs of volume fade.
- Target: $160K in sight if trend holds.
📈 Outlook: Stay long with stops. Watch $105K for retests.
🔹 XRP (Ripple)
Call: 🔹 NEUTRAL to SLIGHTLY BULLISH – Make or Break Zone
- EMA Watch: Needs to clear 21-day EMA (~$2.30) to unlock $3.00 target.
- Support Risk: Below $2.12 opens downside to $1.70.
- Momentum: Mixed. Fighting key resistance; holding support.
📈 Outlook: Tight range. Breakout = big move. Breakdown = sharp drop. Use options to define risk.