🔹 SPY (S&P 500 ETF)
Trend: Still in a confirmed downtrend→ Price Action:
- Rejected at the 18-day SMA and upper Bollinger Band
- Bounce fading on declining momentum
→ Momentum Indicators:
- MACD: Bearish, flattening — downside momentum weakening
- RSI: 40–45 zone → still under 50 → bearish control intact
→ Volume:
- Heavy on down days → continued institutional distribution
→ Outlook:
Bias: Bearish
- Short-term bounce appears exhausted
- No trend reversal signals yet
→ Trade Setup:
- Strategy: Short Entry
- Entry Zone: $530–535
- Target: $505–510
- Stop: Close above $538
🔹 USO (United States Oil Fund)
Trend: Turning neutral to bullish→ Price Action:
- Retesting $70–72 zone after a bottom near $62
- Currently pulling back after initial bounce
→ Momentum Indicators:
- MACD: Bullish crossover → momentum turning toward buyers
- RSI: Recovering from oversold, now just under 50
→ Volume:
- Spiked on bounce → buyer re-entry confirmed
→ Outlook:
Bias: Bullish→ Trade Setup:
- Strategy: Buy the Pullback
- Entry Zone: $68–69
- Target: $74–76
- Stop: Close below $67
🔹 GLD (Gold ETF)
Trend: Strong Bullish→ Price Action:
- Exploding vertically — aggressive breakout underway
- All major MAs left far behind
→ Momentum Indicators:
- MACD: Surging — aggressive momentum, no divergence
- RSI: 75–80 → Overbought, but strong trends can sustain
→ Volume:
- Massive → confirms institutional chase
→ Outlook:
Bias: Bullish with Caution
- Short-term pullback likely
- Long-term trend firmly bullish
→ Trade Setup:
- Strategy: Pullback Entry
- Entry Zone: $305–308
- Target: $318–322
- Stop: Close below $300
🔹 Bitcoin (BTC)
Structure: Consolidating in a symmetrical triangle→ Momentum:
- MACD flattening, histogram declining
- RSI: Mid-50s → neutral zone
→ Volume:
- Cooling down post-rally → awaiting catalyst
→ Outlook:
Bias: Neutral to Bullish
- Watch triangle breakout → ignition likely on breakout above resistance
→ Key Level:
- Breakout trigger above ~$89.5K
- Breakdown risk below ~$86.0K
🔹 XRP (Ripple)
Structure: Retesting multi-month support→ Momentum:
- MACD bearish, but showing divergence
- RSI near oversold (<40) → suppressed sentiment, potential base forming
→ Volume:
- Light → disinterest, not panic
→ Outlook:
Bias: Cautiously Bullish
- If support holds, watch for snapback
- Needs a volume trigger or news catalyst