savage-notes Morning Market Notes 04-29-25 Market Calendar $SPX & $QQQ We stick to the thesis that we’ll see the Liberation Day gap this week, but we also aren’t changing our longer-term view that we’ll see the Bear Market level again. Tariffs chatter today, JOLTS and Consumer Confidence coming soon at 10:00
savage-notes Morning Market Notes 04-28-25 Market Calendar $SPX & $QQQ Last week, we thrived on volatility — or price violence, as I like to call it. Our reading on the market was spot on when I mentioned on Tuesday that we were back to high-range days, and a swing posted in Team Bull captured a massive
savage-notes Morning Market Notes 04-25-25 Market Calendar $SPX & $QQQ The spread guy is back, messing with our levels—this time going for strikes close to the implied bottom and top. Let’s see what Wall St. does to him and his crew today. Besides that, $GOOGL had solid earnings to report for Q1, which
savage-notes Morning Market Notes 04-24-25 Market Calendar $SPX & $QQQ It’s $GOOGL day and we’re here for it. Great time to see how big tech is going to perform in 2025. We expect some key guidance numbers so we can gauge how these giants plan to move amid recession fears and market uncertainty.
savage-notes Morning Market Notes 04-23-25 Market Calendar $SPX & $QQQ How on point was our morning notes post yesterday? We wrote about the return of large-range, high-volatility moves this week and testing strangles in this environment — and that’s exactly what we got. It was just a matter of Trump getting a little dovish on
savage-notes Morning Market Notes 04-22-25 Market Calendar $SPX & $QQQ After mentioning our short-term view (weeks to maybe a month) that the markets will make a new yearly low, the Nasdaq 100 bottomed intraday on Monday with a -3.5% decline, paring losses a bit into the close. We’re not changing that short-term view,
savage-notes Morning Market Notes 04-21-25 Market Calendar $SPX & $QQQ After the OPEX, the big boi level on $SPX is now 5,000. We’ve got support all the way down to 4,500, which is impressive. It seems like the new norm for the markets is ±1% pre-market moves — and here we are again,
savage-notes Morning Market Notes 04-17-25 Market Calendar $SPX & $QQQ Yesterday we noted that a break below 5300 $SPX could accelerate a selloff intraday—and that’s exactly what we got. The short-lived relief rally this week was quickly cut off by tariff news, notably impacting $NVDA and similar names. The signals behind that upside
savage-notes Morning Market Notes 04-16-25 Market Calendar $SPX & $QQQ Yesterday, we mentioned that 5500 was the most loaded level on the board, but that just changed with the recent options positioning and the overnight tariffs chatter. The 5400 $SPX now holds the largest gamma exposure, and we closed below it yesterday—another key level
savage-notes Morning Market Notes 04-15-25 Market Calendar $SPX & $QQQ Happy Tax Day to those who celebrate. Gamma exposure for $SPX through next expiration is clear at this point. The $SPX 5,500 level is the big boy, and we give a slight edge to slow upside continuation with low volume through Thursday. A strong
savage-notes Morning Market Notes 04-14-25 Market Calendar $SPX & $QQQ Positive tariff news for tech and we’re gapping up across the board, with the $VIX sitting at 30. This short OPEX week, we observe the upside momentum mentioned in our weekly notes yesterday. There will be time for further downside again—but not now.
savage-notes Morning Market Notes 04-11-25 Market Calendar $SPX & $QQQ After the historical 530-point day for the S&P on Wednesday, no one really cared about the deflation prints from CPI yesterday or the producer price index this morning. This market is all about tariffs and recession. I’ve been getting feedback from our
savage-notes Morning Market Notes 04-09-25 Market Calendar $SPX & $QQQ We mentioned the importance of 5000 $SPX for the overall markets, and it couldn’t hold the selling pressure yesterday. A retest of the bear market level — 4918 $SPX — was inevitable, and we did it. Also, we got new highs and new lows on the
savage-notes Morning Market Notes 04-08-25 Market Calendar $SPX & $QQQ The $SPX momentarily stepped into bear market territory in yesterday’s session, and we hit the price target set last week. What a crazy, fast ride with this elevator down. The 5000 $SPX level is the big man on campus, and we’re watching it
savage-notes Morning Market Notes 04-07-25 Market Calendar $SPX & $QQQ The S&P 500 Futures were down over 5% during Sunday open but pared losses this morning pre-market. International markets got hit substantially, with the Nikkei halted by circuit breakers. Yesterday, we mentioned we’d hit the bear market level fast, and we had
savage-notes Morning Market Notes 04-03-25 Market Calendar $SPX & $QQQ How about our Sunday notes coming in strong to confirm our technical read on these markets? The S&P is set to open down over 3.5%, and Trump’s tariff announcement didn’t disappoint—it backed up the technicals. All that rallying to
savage-notes Morning Market Notes 04-02-25 Market Calendar $SPX & $QQQ Pretty much the entire upside move from yesterday got erased overnight. Shocking, right? Not really. More Elmo ahead through the EOM. President Trump is expected to make announcements on tariffs after the market close, so this is a wait-and-see scenario intraday. Let’s have a
savage-notes Morning Market Notes 04-01-25 Market Calendar $SPX & $QQQ Yesterday’s rally didn’t change the outlook we set this past weekend. Take a look at the monthly $SPX chart — I don’t believe there’s anything stopping us from at least touching the 20MMA (20-month moving average) moving forward. Crazy months ahead. Let’
savage-notes Morning Market Notes 03-31-25 Market Calendar $SPX & $QQQ EOM flows are here, and we’re set to open nearly 1% down in the S&P. Yesterday we wrote about continuation to the downside, and of course, we got it with Futures overnight and pre-market. This should be a fun session. Let’s
savage-notes Morning Market Notes 03-28-25 Market Calendar $SPX & $QQQ Market held $SPX 5700, so no decision was made yet. Since we held it, we lean into longs/calls if we stay above this level. We did have closes below the 20DMA on $SPY and $QQQ, but $DIA held it. Mixed signals into this beautiful
savage-notes Morning Market Notes 03-27-25 Market Calendar $SPX & $QQQ The main level to watch is 5700 $SPX now. The indecision persists, despite yesterday’s 90pt drawdown. Above, we could quickly move to test 5800 into April. Closing below with strength today? Oh boy… it’s Elmo’s land. Let’s have a sesh. 🔗 Try
savage-notes Morning Market Notes 03-26-25 Market Calendar $SPX & $QQQ We’re pushing above the 20DMA with low volume across the board on ETFs tied to indices, while the $VIX keeps selling. There’s no true edge in either direction here, as we stay in this limbo zone waiting for a major catalyst to pop
savage-notes Morning Market Notes 03-25-25 Market Calendar $SPX & $QQQ The $SPX went straight back to the 20DMA this past session, and this is the test we’ve been waiting for to draw any real conclusions about what might happen next. If we recover the 20DMA and hold it as support for a couple of
savage-notes Morning Market Notes 03-24-25 Market Calendar $SPX & $QQQ Once again, we get the whole move pre-market with $ES pushing about 69 points overnight. Yesterday, we mentioned the indecision in technicals and the potential start of a leg higher. Now we wait to see if this is the beginning of that, or just another
savage-notes Morning Market Notes 03-21-25 Market Calendar $SPX & $QQQ It’s Triple Witching OPEX Friday. Violence is on the menu today. Price swings across the board to be expected. Let’s have a sesh. ✨ What’s Inside 0DTHERO: ⚡ Real-time flow alerts in plain English—know what’s driving the market before it moves 📊 Live
