Morning Market Notes 06-10-26

Market Calendar

$SPX & $QQQ

CPI is the whole ballgame today. On SPX, 7400 is the ceiling, with 7350 the key level and 7300 the spot bulls defend if the tape gets heavy. QQQ needs to hold 700, where support and the Put Wall line up; reclaim 710 and the pressure comes off. Implied move is 1.27%, so respect it. Monthly federal budget at 2 is an afterthought.

Let's have a sesh.

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