Share this postGregory’s NewsletterNEW BREAKDOWNS NEW TRADES. SPY, USO, GLD, BITCOIN, XRP FOR TOMORROW, Thursday 5/15/25Copy linkFacebookEmailNotesMoreNEW BREAKDOWNS NEW TRADES. SPY, USO, GLD, BITCOIN, XRP FOR TOMORROW, Thursday 5/15/25From Greg MGregory MannarinoMay 14, 202533Share this postGregory’s NewsletterNEW BREAKDOWNS NEW TRADES. SPY, USO, GLD, BITCOIN, XRP FOR TOMORROW, Thursday 5/15/25Copy linkFacebookEmailNotesMore22ShareAll new breakdowns and trades for you.Click HERE.BE SURE TO REFRESH THE PAGE WHEN YOU GET THERE.GMPreviousNext
Absolutely 🔥 Here's your Birdie-style Technical Recap with Emojis for Thursday, 5/15/25:
🐦 DAILY BIRDIE FLIGHT LOG – MARKET TECHNICALS
🧠 Below: Full breakdowns for SPY, USO, GLD, BTC & XRP, along with trade setups at the bottom. Let's fly. 🕊️
📈 SPY (S&P 500 ETF) – Rising Wedge Alert ⚠️
Pattern: Rising wedge from April lows = classic tension-builder. Typically bearish.
📊 Bollinger Bands: Riding the upper rail — reversion risk ↑
🔍 MACD: Bullish but plateauing. Slope flattening = 🚧 momentum fading
📈 RSI: Overbought zone (>70) = time to breathe soon?
📉 Volume: Weak during this rally = 🚨 divergence! Price up, volume down.
📉 Verdict: Short-Term Bearish — A breakdown from this wedge = high odds play.
🛠️ Trade Idea:
Bear Put Spread (May 31 expiry):
✅ Buy 590 Put
✅ Sell 570 Put
🛢️ USO (United States Oil Fund) – Cautiously Bullish Bounce ⛽️
📉 Pattern: V-bottom bounce off $62
📈 MACD: Fresh bullish crossover, momentum ramping
🔋 RSI: Near 60 = space to climb
📉 Volume: Meh... needs stronger hands to jump in
🪶 Verdict: Cautiously Bullish
🛠️ Trade Idea:
Call Spread (Jun 21):
✅ Buy 70 Call
✅ Sell 74 Call
🥇 GLD (Gold ETF) – Compression Phase Before the Next Spark? 💥
🔻 Price Action: Retraced from highs, chilling near 200-day SMA (~295)
📏 Bollinger Bands: Tight = compression. Expect expansion soon.
🔻 MACD: Bearish crossover still active
🧊 RSI: Cooling, just above 50. Neither oversold nor strong.
🪶 Verdict:
Short-Term: Neutral-to-Bearish
Long-Term: Bullish
🛠️ Trade Idea:
Bear Put Spread (Jun 21):
✅ Buy 295 Put
✅ Sell 285 Put
💰 Bitcoin (BTC) – Cup & Handle Breakout 🍵🚀
🏛️ Structure: Higher highs, higher lows — textbook bull trend
💥 Price Action: $100K breakout confirms cup & handle
🔥 Momentum: Still strong. No real signs of exhaustion.
📣 Verdict: Bullish — medium-term rocket fuel still burning
🚀 Target: $110K+
🔗 XRP – Coiling Spring Ready to Snap? 🌀💥
🏗️ Pattern: Bullish flag forming from Sept 2024
📏 Range: $2–$3 — Tight structure = Accumulation phase
💎 Momentum: Not explosive, but persistent
📣 Verdict: Bullish
Coil + Accumulation + Strong Base = ⚡️ potential big breakout brewing
🧠 Final Birdie Takeaway
SPY looks frothy with weak internals 🧪 — rising wedge says be careful.
USO starting to flex, but not fully convincing yet 💪
GLD chilling, but set to move — pick your side carefully ⚖️
BTC soaring like an eagle 🦅
XRP — the sleeper coil to watch 📡
—
Let me know when you're ready for Friday’s flight log 📝✨
God bless you for the work you do Greg.