- Market Update
- 📊 Professional Market Playbook🗓️ Date: Wednesday, June 18, 2025 Markets Covered: SPY | USO | GLD | BTC | XRP
📈 SPY – S&P 500 ETF
- Price Action: Stalled below the critical 610–615 resistance zone. Multiple indecisive candles forming a rising wedge, now threatening breakdown.
- MACD: Bearish crossover forming → momentum fading.
- Call: ⚠️ Cautiously Bearish
Unless SPY can close strongly above 615, this structure risks rolling over toward 585–575. - 📌 Trade Idea:
➤ Buy SPY 600 Puts (1–2 weeks out) – momentum reversal play.
🛢️ USO – United States Oil Fund
- Price Action: Broke out above $78–79 after long consolidation. Riding upper Bollinger Band.
- Volume: Big spike = institutional accumulation.
- MACD: Already in a strong bullish crossover.
- Call: ✅ Strong Bullish Momentum
Energy sector supported by macro stress + Middle East tensions. - 📌 Trade Idea:
➤ Buy USO 80 or 82 Calls (2–3 weeks out) – trend continuation.
🥇 GLD – Gold ETF
- Price Action: Higher lows forming a bullish base. Sitting on mid-Bollinger Band with positive slope.
- MACD: Modest bullish crossover developing.
- Call: 🟡 Bullish Bias – Breakout Watch
Above $312, breakout likely → upside momentum could spike. - 📌 Trade Idea:
➤ Buy GLD 310 Calls (3–4 weeks out) – coil breakout setup.
₿ BITCOIN (BTC)
- Trend: Still in a clean long-term uptrend with no blow-off top.
- Momentum: Strong, institutional-style accumulation ongoing.
- Call: 🚀 Bullish
💠 XRP
- Structure: Digested months of gains without breaking its uptrend.
- Volume: Low, tight coiling action → possible breakout setup.
- Call: 🔷 Bullish Bias – Breakout Watch