The buyer who'd been propping ES/SPX at 7575 for the past few sessions finally got run over, opening the door below the yellow zone, and NDX's channel gave way right alongside it. Decent shot at an intraday bounce from here, but if 7575 flips into resistance that's bearish confirmation and the breakdown thesis holds. If that plays out, expect another hedge add, this time leaning QQQ puts instead of broad index.
Aggregated and distilled by Two Sentence Traders. Not financial advice.