Morning Market Notes 06-23-26

Market Calendar

$SPX & $QQQ

Risk-off open and the tape's leaking before the bell.

Tech's getting smoked premarket. QQQ down 2.96% and already trading under its 735 Put Wall. SPY off 1.41%. But the Dow's barely scratched, DIA only down 0.47%. That's rotation out of the mega caps, not a clean flush. VIX ripping 16% back over 20 tells you protection's getting paid in size.

QQQ losing its 735 Put Wall is the bigger tell: under the put wall, dealers are short gamma and selling begets selling. Lose 7400 on SPX and the downside opens up; hold it and the dip-buyers get their shot.

Macro's light: flash services and manufacturing PMIs at 9:45, services last printed 50.7 and manufacturing 55.1.

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.