savage-notes

A collection of 136 posts

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

savage-notes

Morning Market Notes 03-20-25

Market Calendar $SPX & $QQQ This is the FOMC Meeting hangover and the OPEX-eve session. The $SPY flow left some leftover positive delta in the tank that might come into play today or tomorrow, but overall, the FOMC move is completely sold off at this point. Gotta say, I don’

savage-notes

Morning Market Notes 03-18-25

Market Calendar $SPX & $QQQ That was fast. We hit our weekly target in a day. Surprised? Not really. Technicals told the story, and flow supported the bullish thesis, pulling some options walls up to get us there. Now, we wait and see how we react here. If we turn

savage-notes

Morning Market Notes 03-17-25

Market Calendar $SPX & $QQQ Cold retail sales print has caused an impressive recovery in futures this morning. If you read my weekly calendar notes from yesterday, we’re bullish until we’re not. 5700 is the upside target for the week. The infamous spread guy is back, which adds

savage-notes

Morning Market Notes 03-14-25

Market Calendar $SPX & $QQQ Consumer sentiment on tap, and we’re heading into a sesh right after a failed attempt to break 5600 $SPX yesterday. I’ll stick to my view that we might make another attempt today, hence holding calls overnight for 1 and 2 DTE, with the

savage-notes

Morning Market Notes 03-13-25

Market Calendar $SPX & $QQQ Futures didn’t react much to the Producer Price Index and Jobless Claims this morning. On Monday, we mentioned that a bounce this week could be in the cards, and after benign inflation data prints, we might be at a pivot point here. Time for

savage-notes

Morning Market Notes 03-12-25

Market Calendar $SPX & $QQQ It’s an unc2.0 CPI kind of day. That’s it. That’s the tweet. Let’s have a sesh. 🚨 The Next Evolution of 0DTHERO Is Here! We just dropped the newest version 0DTHERO – your trading companion— and it’s packed with powerful tools,

savage-notes

Weekly Calendar & Morning Market Notes 03-10-25

Hey traders, Here’s what’s on the radar for this week’s market events: There’s a slowdown in momentum as we make new yearly lows across the board on ETFs tied to major indices. My view for this week is that we could see a retracement towards the

savage-notes

Morning Market Notes 03-06-25

Market Calendar $SPX & $QQQ This is NFP-eve, and the markets had a few important prints today, like jobless claims and the U.S. trade deficit. We’ll be watching for a combination of technicals on major index-ETFs and leftover flow today as we approach the closing bell. NFP is

savage-notes

Morning Market Notes 03-05-25

Market Calendar $SPX & $QQQ The spread guy is back, as pointed out in the chart below. Of all the major indices, only the Nasdaq-100 seems to be losing downside momentum. The Qs might be showing signs of starting what could be the beginning of a short-term rally now that