Morning Market Notes 04-09-25
Market Calendar
$SPX & $QQQ
Key levels
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 Dow and the S&P, so we’ll watch for a slight continuation here to the upside. It’s possible—if the Nasdaq cooperates.
I know buying doesn’t sound right in this environment, but technically, a bit more upside would make sense right now. Inflation data ahead tomorrow and Friday, with FOMC Minutes later today.
Let’s have a sesh.
