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DAILY UPDATES. BELOW: MY TECHNICAL BREAKDOWN OF THE S&P500/SPY. ALONG WITH TRADING STRATEGIES, (AT THE BOTTOM FOLLOWING MY CONCLUSION).

For Friday, 5/23/25. SPY. Bollinger Bands: Price riding the upper band recently, now pulling back toward the mean. MACD: Still positive, but bearish crossover forming watch for momentum loss. RSI: Rolling over from 70 zone—currently 58–60 not oversold, but cooling. Volume: Slight uptick on red candles = distribution signs. Verdict: Near-Term BEARISH. Potential Trades. Buy a put debit spread. Buy SPY 580 Put (2–3 weeks out) Sell SPY 570 Put. Defined risk, profit on retracement. Hedge idea (for longs): Buy SPY 570 puts (1–2 weeks out) protect gains.

Technical breakdown of the USO (United States Oil Fund) with ways to trade it.

For Friday, 5/23/25. USO. MACD: Positive but flattening. RSI: Neutral (~52). Price now hovering at 9/18 SMA convergence. Verdict: Neutral → Slightly BEARISH. USO is struggling to hold gains, and momentum is slowing. Global uncertainty + oil manipulation = choppy action. Potential Trades. Short-term bear setup: Put debit spread: Buy 67 Put. Sell 64 Put 2–3 weeks out. OR If oil bounces on geopolitical news: Buy 70 Call, 1 week out, only if candle confirms reversal.

Technical breakdown of GLD with trading strategies.

For Friday, 5/23/25. GLD. Trend: Still bullish overall, but short-term pullback from highs (~320). MACD: Rolling over, bearish crossover forming. RSI: ~50 and declining no longer overbought, but no current reversal strength. Verdict: BULLISH ON DIP. Gold remains strong macro-wise, but short-term correction still in play. Potential Trades. Bullish idea: Buy Call Debit Spread: Buy 300 Call. Sell 310 Call (2–3 weeks out) Limited risk, great for sideways then up move. Aggressive dip trade: Buy GLD 295 or 297 Calls if RSI drops near 40 and price touches support.

Technical breakdown of Bitcoin and XRP with outlook projection.

For Friday 5/23/25. Bitcoin. Current structure shows a steep rally, slight consolidation potential bull flag. Strong vertical breakout to new ATHs (all-time highs) suggests institutional inflow. Verdict: BULLISH. XRP. Pattern Read: Bull flag / handle-like structure. Verdict: BULLISH.

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