Morning Market Notes 02-23-26

Morning Market Notes 02-23-26

Market Calendar

$SPX & $QQQ

We’re sitting in a very interesting spot after last Friday’s OPEX.

Technicals suggest a bounce in the major index ETF names, with leftover bullish flows in the Mag7 and individual S&P stocks. At the same time, the pre-market has been ugly overnight, and support below 6800 SPX is basically nonexistent.

So what happens first — a selloff into 6800 and then a bounce, or a pump to start the week?

I guess we’ll get the answer soon.

Let’s have a sesh.

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