Morning Market Notes 07-09-26

Market Calendar

$SPX & $QQQ

The ceasefire is officially dead. Fresh US strikes on Iran overnight, Tehran answering at Gulf targets, crude bid again, but the tape doesn't care. The AI trade is carrying risk for a second straight day: QQQ up 0.90% premarket with semis bid around the globe, SPY up 0.24%, and the Dow along for the ride. VIX easing under 17 but not collapsing. Protection is coming off slow, not getting tossed.

QQQ is already trading through its 715 Call Wall premarket. Hold above it and dealers have to chase, fade it and 710 is the line that matters. SPX closed at 7482 with the 7500 Call Wall sitting right overhead; bulls punch through that or this bounce stalls where the last one did. Macro is light: jobless claims at 8:30, Williams at 9, existing home sales at 10, then Logan at 1:30.

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.