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Ol Hickory's avatar

I think we’re still a good 6-9 months away from the bottom

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Randy Best's avatar

Bitcoin is fool's gold.

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SquigleDog7's avatar

Keep in mind the macro timing will be related to the lead up to the mid term elections in 2026 use that as a fulcrum

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Mathieu Belanger-Camden's avatar

🦅 BIRDIE DAILY UPDATE – FRIDAY, 4/11/25

Technical Breakdown + Trade Setups

📈 SPY (S&P 500 ETF)

Price Action:

Aggressive bounce from recent lows. Bullish engulfing candle followed by multiple higher closes = strong reversal potential 🔁📊

📊 Bollinger Bands:

Pierced the lower band, then snapped back inside — classic mean-reversion move. Bands widening = volatility still elevated ⚠️

📉 MACD:

Histogram still negative but rising sharply. MACD + Signal lines converging = possible bullish crossover next 💥

📈 RSI:

From oversold (~25) to near 50. Big momentum shift = bulls are gaining control 🐂

🔊 Volume:

Massive spike near lows = institutional accumulation 🏦💰

🎯 CONCLUSION:

Short-term: Bullish

Momentum returning. Buyers are active.

💡 Trade Ideas (SPY):

SPY 540 Calls (Exp. Apr 26) ✅

Aggressive: SPY 560 Calls (Exp. Apr 19) 🚀

Credit Spread: Sell 540 Put / Buy 530 Put (Exp. Apr 26) 💼

🛢️ USO (United States Oil Fund)

Price Action:

Still under pressure. Lower Bollinger Band pierced, but no reversal signal yet ❌

📉 Moving Averages:

9-day SMA crossed below 18-day = bearish crossover. Price way below both = strong downside bias ⬇️📉

💀 MACD:

Bearish crossover confirmed. Histogram deep in the red = momentum accelerating 👎

📉 RSI:

Near oversold (~30), but no divergence = still risk of more downside 🚫

🔊 Volume:

Big spike = possible capitulation. Needs confirmation ⚠️

🎯 CONCLUSION:

Short-term: Bearish

Still selling pressure. Wait for confirmation before long.

💡 Trade Idea (USO):

Puts 2–3 weeks out @ $62–$64 strike 🐻

🥇 GLD (Gold ETF)

Price Action:

Sharp rebound today. Bullish engulfing after 3 red candles = possible reversal setup 🔄

📊 Bollinger Bands:

Still expanding = volatile trend continues. Rejection at upper band, but support is holding 🧲

📉 MACD:

Above signal line, starting to curl = momentum slowing but not reversing yet ⚖️

📈 RSI:

Pullback from overbought (70+) to ~65. Still bullish, but hitting prior resistance 🚧

🔊 Volume:

Strong on green days. Today’s rally had confirmation volume = buyers back in 🦾

🎯 CONCLUSION:

Short-term: Cautiously Bullish

Medium-term: Bullish Trend Intact

💡 Trade Ideas (GLD):

Buy Shares ✅

Aggressive: May 17 $290 Calls 💰

Vertical Spread: Buy $285 / Sell $295 Calls (May 17) 💎

₿ Bitcoin (BTC) & XRP

🔹 BTC Technicals:

Holding near highs 💪

RSI ~55 = neutral, breakout potential

MACD: Bullish crossover forming 🐂

Volume: Quiet = move likely soon

📢 Call: BTC Bullish

🔸 XRP Technicals:

RSI under 60 = upward lean

MACD bullish crossover confirmed ✅

Volume increasing slightly = early interest

📢 Call: Cautiously Bullish

Want tomorrow’s update? 🗓️ Just call the Birdie.

🦅📊 #DailyEdge #BirdieTrades #MarketTechnicalBreakdown

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Ark Signal's avatar

Oil 📉

Dollar 📉

Gold 📈

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Robert R's avatar

Thank you for this Greg !

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Ron Jeka's avatar

Also bought Gregorian Blackjack on ebay as came up recommended. TY Greg

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Ron Jeka's avatar

No 10k Gold yet it's getting closer:) Unicorn XRP was .005 then I paid .20 later though gold is real money:";)

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Andy's avatar

Thanks GM

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Aj's avatar

If the USD is crashing then this should be bullish for stonks.

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Chris Stuart's avatar

Everything is dated 3/31.

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Gregory Mannarino's avatar

Refresh the page.

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Christine1111's avatar

THANK YOU!

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