🔹 SPY (S&P 500 ETF)
Call: ⚠️ Bullish Bias – But Stretched and Vulnerable→ Technical Context:
- MACD: Still bullish but flattening – early warning of trend fatigue
- RSI: 65–70 = overbought territory
- Volume: Weak → rally lacks strong conviction
- Resistance: Near 600–602 → key breakout level
→ 📈 Trade Setups:
- 🛡️ Cautious Bulls: Tight stop near 585 to protect long exposure
- 🔻 Bearish Pullback Play:
- Buy SPY $600 Put, sell $580 Put (Put Spread)
- Expiry: 2–3 weeks
- 📈 Bull Breakout Trade:
- Buy SPY Calls or Call Spread only if close above 602 with volume
- Target: 620
🔹 USO (United States Oil Fund)
Call: ⚖️ Neutral-to-Bullish – Breakout Watch→ Technical Context:
- Price coiling under key resistance
- MACD: Just turned bullish
- RSI: ~53 → balanced momentum with room to move
- Volume: Slight uptick, needs confirmation
→ 📈 Trade Setup:
- Breakout Strategy:
- Buy USO Calls or Call Spreads on breakout above local resistance
- Watch for strong candle + follow-through
🔹 GLD (Gold ETF)
Call: ✅ Bullish Continuation – Strong Base Forming→ Technical Context:
- Holding 18-day SMA
- MACD: Near bullish crossover again
- Volume: Consistent and healthy → no signs of distribution
- Pattern favors continuation toward recent highs
→ 📈 Trade Setup:
- Bull Call Spread (Vertical):
- Entry: GLD near $305–307
- Buy GLD $305 Call, Sell $320 Call
- Target Zone: $320–$325
🔹 Bitcoin (BTC/USD)
Call: ✅ BULLISH – Accumulation Holding Above Key Levels→ Technical Context:
- Structure: Higher lows intact, clean breakout structure
- Volume: Reflects accumulation, not distribution
- Holding $100K = strong signal
→ Outlook:
- Above $100K = base forming for next wave
- Target Zone: $115K–$120K if momentum continues
🔹 XRP (Ripple)
Call: ⚖️ Bullish Macro – Flat Short-Term→ Technical Context:
- Consolidating → no breakdown
- Macro structure: Still strong
- Volume stable, holding gains after prior run
→ Outlook:
- 📊 Watch for breakout from sideways structure
- Macro remains bullish – short-term movement likely triggered by broader crypto or regulatory catalyst