Morning Market Notes 02-03-25

Market Calendar

$SPX & $QQQ

As mentioned in yesterday’s market calendar notes, equities were already in a tough spot from a technical perspective coming into this week. The continued tariff chatter over the weekend acted as the perfect catalyst to drag us back down to the mid-5900 levels on $SPX.

Now, we’re in a limbo zone where the market will likely wait for the next headline to decide its direction. A positive update from DC could easily push us back to 6K. On the other hand, sustained trade war chatter could keep the downside momentum going.

This is a tricky zone, so stronK signals only.

Let’s have a sesh.

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