Date: Tuesday, April 22, 2025
Markets Covered: SPY | USO | GLD | BTC | XRP
→ Trend:
Still in a confirmed downtrend — lower highs and lower lows persist.→ Volume:
Heavy sell-side pressure continues. No volume exhaustion = downside momentum intact.→ MACD:
Still bearish. Histogram flattening → early signal of potential bounce/consolidation.→ RSI:
Weak (~35), not yet oversold. No bullish divergence yet.→ Short-Term Outlook:
Bias: Bearish – Rallies are being sold hard. Bears remain in control.→ Potential Trades:
→ MACD:
Still bearish but curling higher – early signs of possible bullish crossover.→ RSI:
Firming at ~50. Still neutral, but positioned for continuation if volume confirms.→ Bias:
Cautiously Bullish – Breakout possible if $71 is cleared on volume.→ Potential Trades:
→ Volume:
Strong accumulation. No signs of distribution – bulls in full control.→ MACD:
Exploding higher — histogram accelerating, MACD line diverging positively.→ RSI:
Above 80 = overbought, but in strong trends this signals strength.→ Outlook:
Bullish – We’re in “runaway” trend mode. Pullbacks likely get bought hard.→ Potential Trade:
→ MACD:
Bearish crossover confirmed recently, but histogram flattening = early stabilization.→ RSI:
Mid-range (~45–50) → Neutral→ Call:
Neutral to Cautiously Bullish
→ Direction will likely follow macro headlines & risk sentiment
→ MACD:
Early signs of bullish momentum, minor uptick beginning.→ RSI:
In the 40s = Oversold to balanced→ Call:
Neutral to Slightly Bullish
→ Still coiled. A catalyst could spark breakout.