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

SPX closed 7,041.28 Thursday — new ATH confirmed — Nasdaq logged its 12th consecutive up session, longest winning streak since 2009 — Dow still below its NATH at 50,611, the hill remains
The 30-minute chart is showing a small consolidation at the highs — BB exceptionally tight — MACD-v at bullish extreme still points to continuation over reversal — bear TnT expected to be short-lived
GEX: 7,050 is the dominant level for today and the week — little gamma support below 7,000 — base case is a grind and consolidate into the Friday close
Both Premium Poppers hit their stop losses Thursday — classic setups, both failed — sloppy setups at NATHs are worth noting — defined loss, filed, move on — ceasefire expires Tuesday

SPX closed 7,022.96 – three points from the ATH at 7,026.24 – NATHs on ES and NQ this session – Russell is queuing up – Dow has further to travel
GEX 7,000 has flipped from the dominant resistance ceiling to the dominant positive gamma support node – nearly 9 billion sitting there – next ceiling is 7,050 then 7,100
VIX at 18.00 and declining – April 21 is five days away – the market has treated this as background noise and lit a cigarette
Yesterday’s Premium Poppers: two trades, 1st and 3rd BO, $9 and $7 index moves, 64.3% and 60.0% ROC – standard Wednesday, minimal stress