Morning Market Notes 11-05-25
Market Calendar
$SPX & $QQQ
We’re not out of the woods yet.
On October 2, I spotted bearish flows in S&P stocks and the Mag7 — six sessions later the $SPX lost 200+ points in a single session.
Last week I saw that kind of flow again, but at least double the size, and from that day until now the $SPX has barely lost 100 points. Yesterday, repeat flows added to the bear side.
If my estimates are correct, we can see 6600 within a week, maybe even lower.
Let’s have a sesh.
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