Morning Market Notes 04-17-25
Market Calendar
$SPX & $QQQ
Yesterday we noted that a break below 5300 $SPX could accelerate a selloff intraday—and that’s exactly what we got.
The short-lived relief rally this week was quickly cut off by tariff news, notably impacting $NVDA and similar names. The signals behind that upside momentum are now gone, and this OPEX should be a good opportunity to observe how gamma exposure shifts on $SPX to give us clues for the coming weeks.
Also, tech earnings season kicks off today with $NFLX reporting after the close—definitely worth watching.
Let’s have a sesh.