Morning Market Notes 07-21-25
Market Calendar

$SPX & $QQQ


Technicals are all over the place, giving no edge to anything at the moment.
We’re seeing an increase in gamma at the 6000 $SPX level after OPEX, so it’ll be interesting to see how we move into August. There are several gap levels around that region, but it’ll take a strong break below the 20-day simple moving average to get there.
August 1 — the tariff deadline — looms.
Let’s have a sesh.
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