Morning Market Notes 02-05-25

Market Calendar

$SPX & $QQQ

The market reacted to $GOOGL’s earnings report, hitting lows around 5 am this morning.

We still have two days until NFP, with $AMZN also reporting tomorrow after the close.

The key level to watch remains 6K $SPX, as we recently recovered it with the tariffs chatter subsiding. If we break below 6K with strength, it’s highly likely we see a downtrend toward the next major levels below. Note that the pre-market lows on $ES would put us below 6K $SPX.

Let’s have a sesh.

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