Morning Market Notes 06-24-26

Market Calendar

$SPX & $QQQ

QQQ's leading the bounce, up 0.54% and pressing right into its 720 Call Wall. SPY reclaimed its 730 Put Wall, up 0.33%, and the Dow's tagging along. The VIX: down almost 3% and back under 19 after spiking over 20 yesterday.

720 on QQQ is the whole ballgame. That's the Call Wall, and into it dealers cap the move, so you either punch through and hold for the run at fresh highs or you reject and fade back toward 715. SPX has to reclaim 7400 to get a real look at 7450 and the 7478 res, under 7400 it's chop. With VIX back under 19 we're in grind mode, so fade the extremes and let the walls do the work.

Macro's a ghost town. New home sales and leading economic indicators at 10, and that's the whole slate, so the levels run the show today.

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.