18 Jun
18Jun

📈 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
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