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savage-notes

Morning Market Notes 04-29-26

Market Calendar $SPX & $QQQ It's FOMC day. Powell prints the rate decision at 2p, then the presser at 2:30p. But honestly what matters comes after the close with $META $AMZN $MSFT $GOOGL ERs. There are large spreads prints around 7050 SPX, near implied bottom of the

savage-notes

Morning Market Notes 04-28-26

Market Calendar $SPX & $QQQ Tech getting smoked premarket — QQQ down 1.30% and already trading under the 660 Put Wall. SPY off 0.70%. VIX bid up over 7%. The bid for protection is showing up before the cash open. SPY has been holding it together better than QQQ

savage-notes

Morning Market Notes 04-27-26

Market Calendar $SPX & $QQQ Big earnings week ahead — and these are looking like way better catalysts than the fake news war we've been dealing with the past month and a half. Nothing materially changed in positioning since last week — Nasdaq keeps dragging these markets higher on low

savage-notes

Morning Market Notes 04-24-26

Market Calendar $SPX & $QQQ Bounce is on the tape. QQQ ripping overnight, VIX getting smoked. Tech leading the bounce — Industrials slightly down. Who's right? We wait and see what the daily flow looks like. Yesterday's bearish flows repeated, so the downside case still has legs.

savage-notes

Morning Market Notes 04-22-26

Market Calendar $SPX & $QQQ I'm calling for the beginning of a ~3% correction from the highs. Yesterday we saw the most bearish flows in a while hitting 0DTHERO notional charts, and we're here for it. If it doesn't start today, tomorrow and into

savage-notes

Morning Market Notes 04-21-26

Market Calendar $SPX & $QQQ All that matters is tonight's ceasefire deadline. Expect a range-bound, boring session — unless flow or mean tweets tell us otherwise.  Let's have a sesh. The new 0DTHERO.com is live If you've ever wondered what the flow analysis looks

savage-notes

Morning Market Notes 04-20-26

Market Calendar $SPX & $QQQ Sunday night geopolitical tension dips get bought. It's the current narrative of this market. Current, not permanent. Indices keep making new all-time highs while individuals in their majority are still far from their 52-week highs. Mag7 names are in correction or even bear

savage-notes

Morning Market Notes 04-17-26

Market Calendar $SPX & $QQQ OPEX time. The two largest strikes on the board — 7000 and 7050 SPX — are most likely the range we'll be in throughout the session. Pinning 7000 SPX seems like the obvious configuration, but it's futile to fight this market strength without

savage-notes

Morning Market Notes 04-16-26

Market Calendar $SPX & $QQQ A new ATH is set, and we'll most likely open with another one — gapping above current SPX new highs. Impressive. 7000 SPX is the big boy level for the OPEX tomorrow. So barring any new geopolitical disaster, we should pin around this area.

savage-notes

Morning Market Notes 04-15-26

Market Calendar $SPX & $QQQ We're 40-ish points from ATH (lol). Today the VIX expires and we have OPEX coming on Friday. Day by day for now, as we don't expect much more upside from here. Let's have a sesh. The new 0DTHERO.com

savage-notes

Morning Market Notes 04-14-26

Market Calendar $SPX & $QQQ SPY flow was right. And the bearish news over the weekend proved to be more of the usual smoke and mirrors. This volatility crush into tomorrow's VIX expiration now makes more sense — with the Hormuz blockades proving to be more for show than

savage-notes

Morning Market Notes 04-13-26

Market Calendar $SPX & $QQQ Mixed signals in the flow last Friday — positive flows in SPY and very bearish ones in the Mag7 and S&P equities. Negotiations didn't go through this weekend, causing the gap down overnight. We still see the bottom of the ceasefire candle

savage-notes

Morning Market Notes 04-10-26

Market Calendar $SPX & $QQQ 0DTE flows smacked any chances of a selloff yesterday — SPX rose to weekly highs on that note. There's not much left in the flow in either direction today, so we'll play it by ear. Let's have a sesh. The

savage-notes

Morning Market Notes 04-09-26

Market Calendar $SPX & $QQQ A few weeks ago I called for the bottom of the Trump candle. I'm here once again to call for the bottom of another one — the Ceasefire candle. The market jumped from the low 6600s SPX all the way to 6800. There'

savage-notes

Morning Market Notes 04-08-26

Market Calendar $SPX & $QQQ WW3 kickoff is on hold for at least two weeks. On Monday I wrote that this week had two paths: 6300 and 6700 SPX. Well, how about 6800 SPX implied, which we just tapped pre-market. Yesterday I wrote that something major was about to happen

savage-notes

Morning Market Notes 04-07-26

Market Calendar $SPX & $QQQ We're a little less than 12 hours away from what could be the ultimate WW3 trigger. Trump posts 1929 videos in his feed on Truth Social. Flows have been mute since Friday. Major index-ETF related names pushing on extreme low volume into the

savage-notes

Morning Market Notes 04-06-26

Market Calendar $SPX & $QQQ The Sunday night narrative that pushed ES higher was about this unconfirmed 45-day ceasefire. We see two paths for the S&P this week: 6700 SPX and 6300 SPX. When or how that's gonna happen is what we have to carefully watch

savage-notes

Morning Market Notes 04-02-26

Market Calendar $SPX & $QQQ Something very entertaining happened during yesterday's session. All the bullishness that pushed us higher into that uptrend was sucked dry into the close, meaning the fuel was gone. At the close, I tweeted: There's a heavy skew for puts right now

savage-notes

Morning Market Notes 04-01-26

Market Calendar $SPX & $QQQ This session takes a backseat to whatever is to be announced by Trump at 9 PM EDT tonight. TUNE IN: Tomorrow night at 9PM ET, President Trump will give an Address to the Nation to provide an important update on Iran. — Karoline Leavitt (@PressSec) March

savage-notes

Morning Market Notes 03-31-26

Market Calendar $SPX & $QQQ It's EOM and EOQ all at once for today's session, and we're here for it. Expect violence in both directions until we finally figure out where we're heading into the close. Pre-market shows a somewhat nice uptrend,

savage-notes

Morning Market Notes 03-30-26

Market Calendar $SPX & $QQQ 6400 SPX is the new line in the sand. Hold this level and we might see 6500 SPX. Below it, only Elmo knows. On a side note, 6000 SPX keeps getting stronger. Let's have a sesh. The new 0DTHERO.com is live If

savage-notes

Morning Market Notes 03-27-26

Market Calendar $SPX & $QQQ We sold the Trump candle. That Monday headline shocked the markets and gave us a 240-point rip. Looking at gamma exposure on SPX, we're heavily negative gamma dominated here. 6000 SPX starts to dwarf other strikes on the board. Yesterday's flows

savage-notes

Morning Market Notes 03-26-26

Market Calendar $SPX & $QQQ It was about time we'd start selling the Trump candle. Yesterday's NY session range gave us the clue, and the mute flows added to it. The result — about 65 points lost on ES overnight. Let's see if the pre-market

savage-notes

Morning Market Notes 03-25-26

Market Calendar $SPX & $QQQ Despite the price action yesterday and pre-market today, we're not out of the woods yet. This rally has been sustained by 0DTE flows intraday. There's no material change in the gamma landscape, where negative gamma dominates. Largest levels on the chart:

savage-notes

Morning Market Notes 03-24-26

Market Calendar $SPX & $QQQ The Trump candle is 240 points high. 140 points are gone already — 100 more to go. Let's have a sesh. The 0DTHERO community just got stronger Two experienced traders — Greg and Green Eyes — are now official community partners. They're in the