Morning Market Notes 06-09-26

Market Calendar

$SPX & $QQQ

Green across the board premarket. IWM out front +1.07%, QQQ +0.90% and already poking through its 720 Call Wall, SPY tagging along +0.52%. VIX is getting smoked, off 5% and back under 18. Small caps leading with vol bleeding out is the risk-on tell — dealers comfortable letting it run after last week's drop.

Levels are simple today. 7400 is the line in the sand on SPX — Put Wall and weak support stacked right there, so hold it and the 7500 Call Wall is the magnet into the open; lose it and the tape gets heavy fast. QQQ punching above 720 puts 715 as the spot bulls defend on any fade. Macro's light — NFIB at 6, trade balance at 8:30, existing home sales and wholesale inventories at 10 — no headline print to fight, so let the flow run the tape.

Let's have a sesh.

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