Morning Market Notes 02-21-25

Market Calendar

Market calendar by 0dtHERO

$SPX & $QQQ

It’s OPEX day, and we’re here for it.

Before the week kicked off, we mentioned that the Dow Jones would be the thermometer for major price moves—and I guess we nailed that one again.

On Wednesday, when the Dow showed a little strength, $SPX and $NDX pushed to new highs. Then on Thursday, $WMT missed earnings and gapped down, triggering a trend-selling day on the Dow, which dragged everything else down with it. Just the way it is.

$WMT daily chart

Today, we’ve got a loaded OPEX with trillions in notional set to expire or roll. Violent price action is what we want to see.

Let’s find those stronK signals.

Let’s have a sesh.

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