Morning Market Notes 11-03-25
Market Calendar

$SPX & $QQQ


That’s a nice market you have there, it would be a shame if something happened to it.
Last time we saw strong bearish flows, it took around 4 to 5 days for the selloff to arrive — SPX lost 200 points in one session when it hit (October 10, 2025).
And those early October flows were maybe half the size of what we saw this time.
Let’s have a sesh.
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