Morning Market Notes 11-12-25

Morning Market Notes 11-12-25

Market Calendar

$SPX & $QQQ

We mentioned Monday's flows hinting at an upside continuation in our notes yesterday, and that's exactly what we're seeing so far, including this pre-market gap up.

Tuesday's flows were muted, so we don't have much of a read for today, besides the large call wall at 6900 posing as the next logical target above.

I believe the next three sessions could be critical to understanding what comes next: 7000 or 6600 $SPX.

Let’s have a sesh.

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