Morning Market Notes 06-04-26

Market Calendar

$SPX & $QQQ

Tech getting smoked premarket: QQQ down 1.12% and trading right under the 740 Put Wall. SPY off 0.30% but the Dow is bid +0.89%. Classic rotation out of tech showing up before the cash open. VIX up 2.68% to 16.49, crypto names getting smashed alongside it. The bid for protection is here.

Bulls need a reclaim of 7550 to stop the bleed; bears want a break under 7500 with strength to trigger decent downside. Macro day is light: jobless claims at 8:30, productivity, Barkin, but tomorrow's NFP is the real catalyst.

Let's have a sesh.

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