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
— wallstsavage (@wallstsavage80) April 1, 2026
Bullishness erased from next expiration flows for the Mag7 and S&P equities at the close
— wallstsavage (@wallstsavage80) April 1, 2026
And to no one's surprise, a sell-off came after Trump's speech.
If we manage to break yesterday's implied bottom, around 6455 SPX, we should see 6400 SPX.
Don't fight the trend.
Let's have a sesh.
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