Morning Market Notes 07-08-26

Market Calendar

$SPX & $QQQ

The Iran ceasefire is crumbling and the tape knows it. Trump called it off overnight as fresh strikes started flying, crude ripped 6%, and the VIX is bid up 8% pushing 17.5. Everything's red premarket. QQQ off 0.75%, SPY down 0.55%, and this time the Dow and small caps are selling with tech. Yesterday's rotation is today's risk-off.

QQQ already lost the 705 shelf and is sitting right on its 700 Put Wall. Dealers defend it or the move gets fast. SPX gave up its 7500 Put Wall overnight, so that level flips to the wall bulls have to reclaim before anything good happens. Macro is all about 2pm: June FOMC minutes hit a tape that's already jumpy. Wholesale inventories at 10 and consumer credit at 3 are the undercard.

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.