Lions! NEW BREAKDOWNS, NEW TRADES. SPY, USO, GLD, Bitcoin, XRP. For TOMORROW.
From Greg M
Lions…
I just finished all new breakdowns, new trades for SPY, USO, GLD, Bitcoin, XRP. For TOMORROW 4/9/25.
Click HERE.
AS ALWAYS BE SURE TO REFRESH THE PAGE AND LOOK FOR TOMORROWS DATE.
GM
Thanks Greg 🙏
🐦 Birdie’s Daily Technical Breakdown – 04/09/25 🧠
Charts talk. We listen.
📉 S&P 500 / SPY Technical Breakdown
Candles & Structure:
SPY’s recent action is a textbook technical breakdown. We’re seeing large-bodied red candles, heavy downside momentum, and a clean break below all key moving averages (9, 18, 20 SMA). The last candle is a falling knife—no wicks, no mercy.
Volume:
Spiked. Institutions likely dumping. This could mark capitulation, but don’t call a bottom without confirmation. Multi-month high volume is no joke.
Bollinger Bands:
Lower band blown out. Bands expanding = trend continuation. Direction? Down.
MACD:
Bearish cross, histogram deep in the red. No bullish divergence yet. Momentum favors sellers.
RSI:
Below 30 = oversold, but don’t get cute. Oversold can get more oversold in a trend like this.
🧠 Birdie’s Call:
Short-term: BEARISH.
We’re in breakdown territory. Expect dead cat bounces, but the trend is southbound until proven otherwise.
🛠️ Trade Ideas – SPY
Directional Bearish: SPY $500 or $510 puts, 2–3 weeks out.
Risk-Defined Play: SPY $510 put / $490 put debit spread.
🛢️ USO (Oil Fund) Breakdown
Structure & Action:
A brutal drop with high volume. Price below all major SMAs. Panic vibes.
Bands:
Lower Bollinger Band pierced hard. Overextended? Possibly. But fading this too early = catching a grenade.
MACD & RSI:
Bearish crossover. RSI at ~25. Yes, oversold. But again—momentum is king. Wait for reversal signs.
Candle:
Full-bodied red Marubozu. That’s conviction selling—no hesitation.
🧠 Birdie’s Call:
Short-term: BEARISH.
Institutional exit signs are flashing red.
🛠️ Trade Ideas – USO
Puts (1–2 weeks): $64 or $65 strike.
Spread: Buy $65 put / sell $60 put.
🪙 GLD (Gold) Breakdown
Structure & Price:
Parabolic move hit resistance at ~$292. Now pulling back. Recent candles show a bearish engulfing at the top—a classic red flag.
Moving Averages:
Price testing 18-day SMA near $280. If broken, $270 is key support.
MACD:
Losing steam. Bearish divergence forming.
RSI:
Falling from overbought. Now near 60. Not panic mode, but watch this space.
Volume:
Profit-taking is clear. If selling dries up, could be a healthy pullback.
🧠 Birdie’s Call:
Short-term: Bearish to Sideways.
Mid-term: Still Bullish.
Gold thrives on macro uncertainty—don’t forget the bigger picture.
🛠️ Trade Ideas – GLD
Bearish short-term: April $280 puts.
Volatility Play: May $275 put + $285 call (strangle).
₿ Crypto Breakdown: BTC & XRP
📈 BTC (Bitcoin)
Trend: Still bullish. Holding strong after breakout.
MACD: Positive but cooling—minor retracement possible.
RSI: ~60–65. Not overheated. Healthy grind higher.
Critical support: $60K. Watch it.
🧠 Birdie’s Call:
Bullish short-to-intermediate term. Don’t short strength unless macro shifts hard.
💤 XRP (Ripple)
Trend: Meh. Lagging.
RSI: Flat at ~50. Indecisive.
MACD: Sleep mode. No clear signals.
🧠 Birdie’s Call:
Neutral with upside potential. Could be prepping for a surprise move—watch volume.