SPX 7,209.01 Thursday close, first finish above 7,200, April best month since 2020 / RUT back to range highs in three bullish pulse bars / Apple beat all metrics, premarket +3%
SPX classic breakout-pullback setup, bullish to range target reached last hour Thursday / MACD-V at bullish extreme / new TnT signals continuation not reversal / Friday holding posture, not stressing the weekend
Markets doing their fiddler’s elbow impression (up-down-up-down) which after vertical 2 weeks suggests possible major accumulation/distribution before next big move
GEX 7,200 the dominant node / Brent $126 wartime high / Powell held with 4 dissents / Apple Exxon Chevron Moderna April jobs today
Mag 7 four-way reaction: GOOGL +6% (cloud +63%, $190B capex), META -5% (Q2 guide held flat), MSFT -3% (AI run rate $37B), AMZN -3% (beat anyway)
SPX still grinding the range, premium sale short strike intact / RUT bear breakout extends, first swing exit banked / Premium Poppers two back-to-back losses, called it a day
8:30 ET triple drop: Q1 GDP advance / March PCE (last 2.7%) / Employment Cost Index / ECB decides this morning / Apple closes the bell
GEX 7,150 ceiling and 7,100 floor again / oil bid hard at Brent $111.49 / VIX 18.81 +5.5%
SPX -0.49% Tuesday to 7,138.80 / ricocheted off Monday’s 7,200 call wall / Tuesday’s bull swing BWB closed -54.5% / -$43 after the gap down
RUT broke down out of the range to the downside / bear breakout territory / bear swing setup now in play / bull TnT briefly delayed while the breakout unfolds
Plan B on SPX is on the table: break back into the range and a bear swing setup in line with RUT
FOMC today 2pm / hold 100% priced / Powell 2:30 / Warsh confirmation 10am / four Mag 7 + QCOM report after-close
SPX closed 7,173.91 Monday at fresh ATH made by 13 names / Nasdaq 24,887.10 also record / Dow -62.92 / breadth deteriorating with only 188 of 500 climbing last week
Two-day FOMC opens today / Wednesday 2pm hold at 100% priced / Powell at 2:30 / Warsh successor confirmation Wednesday 10am, four and a half hours earlier
Brent +2.75% to $108.23 on Iran-Hormuz framing / SPX RSI near 70 / chip RSI past 85 / divergence between price and breadth widening
Earnings cluster Tuesday pre-open: UPS, GM, Coca-Cola, Visa, Spotify, T-Mobile, Booking / Wednesday night: MSFT, META, AMZN, GOOGL, QCOM / Apple Thursday
SPX closed 7,165.08 Friday at fresh ATH / ES at 7,195 in pre-market printing new NATHs / NQ following with NATHs / YM and RTY still lagging
SPX swing chart broke out of the week’s compression range / question is whether this is a solid continuation or another push back inside / RUT remains in its range
GEX suggests 7,200 as the week’s ceiling / 7,150 cluster as the new floor / new range zone possible if both hold
Heaviest tape week of 2026: FOMC Wednesday 2pm with Mag 7 reporting same evening / Apple Thursday plus PCE plus Q1 GDP advance / sleep is optional
SPX closed 7,108.40 Thursday down 0.41% / Friday futures near 7,113 up 0.07% / Nasdaq futures +0.5% entirely thanks to Intel
Intel reported Q1 EPS of $0.29 against a $0.01 consensus / stock +21% after hours to $81.12 / $3B of Tesla fab business disclosed
Iran’s Revolutionary Guard seized two commercial ships in the Strait of Hormuz Thursday / Brent above $105 / WTI above $106 briefly / 12 vessels transited, CENTCOM turned 31 away
30-minute SPX and RUT grinding sideways in tight ranges / GEX levels match the chart boundaries / wait for the breakout rather than chase the grind