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 between Tuesday and Wednesday — and it did. Upside was the direction after the two-week proposed ceasefire.

Flow was basically mute to this reaction yesterday, so we didn't have a clue of what was about to happen. This time we missed the move. Onto the next.

Let's have a sesh.

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