Morning Market Notes 06-18-26

Market Calendar

$SPX & $QQQ

OPEX day.

Friday's closed for Juneteenth, so the whole June monthly expiry gets jammed into this session. Don't let the premarket green fool you: QQQ's up 1.66% and VIX is bleeding 7% down to 17, but the flow underneath is rotten.

Yesterday's tape was deeply bearish. Mag7, the broad S&P equities and SPY all took heavy delta selling, and the major indices are right back at their 20-day trying to crack it to the downside again. Sell signals are quietly stacking up under the surface. Treat this bounce as a gift to fade unless buyers actually reclaim and hold above the 20sma; lose it and those sell signals fire for real.

Data's light: claims, Philly Fed and the leading index at 8:30, none of it moves the needle into the expiry. Keep size light, respect the levels, and don't chase a green open built on shallow flow.

Let’s have a sesh.

This old Soldier is at $82K and counting

You read the morning analysis. Blu reads the same notes, then he watches the real-time flow confirm the setups and stacks payouts toward a $100K month. That's the difference between reading about the move and being in it.