As July drew to a close, market sentiment remained mixed. The SPY weekly outlook expired neutral for the second consecutive week, closing at $544.44, marginally above the target price of $543, with a notable divergence from the strike price of $529.15. In contrast, Bitcoin's bullish momentum persisted, with the BTC.USD weekly outlook expiring at $65,884, shy of the target price of $66,938 but significantly below the strike price of $69,979. Meanwhile, gold prices continued to trade sideways, with the GLD weekly outlook expiring neutral at $220.63, in line with the target price. As investors look to August, key levels to watch include the SPY's upper range of $552 and lower range of $535, Bitcoin's upper range of $70,491 and lower range of $63,385, and gold's upper range of $224 and lower range of $216.
Expired SPY Weekly outlook. 5th WK JULY 2024
> NEUTRAL 📊 CORRECT
Prior Week Closed Price: 544.44
Target Price: 543
Strike Price: 529.15 on AUG 2, 2024
Upper Range: 552
Lower Range: 535
Expired BTC.USD Weekly outlook. 5th WK JULY 2024
> BULLISH 📈 CORRECT
Prior Week Closed Price: 65,884
Target Price: 66,938
Strike Price: 69,979 on JULY 30, 2024
Upper Range: 70,491
Lower Range: 63,385
Expired GLD Weekly outlook. 5th WK JULY 2024
> NEUTRAL 📊 CORRECT
Prior Week Closed Price: 220.63
Target Price: 220
Strike Price: 219.08 on JULY 29, 2024
Upper Range: 224
Lower Range: 216
Expired SPY Weekly outlook. 5th WK JULY 2024
> NEUTRAL 📊 CORRECT
Prior Week Closed Price: 544.44
Target Price: 543
Strike Price: 529.15 on AUG 2, 2024
Expired BTC.USD Weekly outlook. 5th WK JULY 2024
> BULLISH 📈 CORRECT
Prior Week Closed Price: 65,884
Target Price: 66,938
Strike Price: 69,979 on JULY 30, 2024
Expired GLD Weekly outlook. 5th WK JULY 2024
> NEUTRAL 📊 CORRECT
Prior Week Closed Price: 220.63
Target Price: 220
Strike Price: 219.08 on JULY 29, 2024