Morning Market Notes 03-04-26
Market Calendar
$SPX & $QQQ
Yesterday, SPX 6800 didn't hold at the open and the market dropped violently, stopping just 10 points short of 6700 SPX. At that point, SPX flows kicked in with heavy put selling and call buying, bouncing price back up to 6800 and above.
Looking at Mag7 and S&P equities flows, there's not a lot of fuel for more downside, at least for now. So we'll take it day by day here with an edge for the continuation of this bounce. The only thing that can put an end to the upside swing is more terrible news from the war, which we hope never comes.
Let's have a sesh.
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