Model's flagging a near-term bottom here, new highs targeted next month, but there's more turbulence to chew through around next week's events first. $QQQ just put together five straight red days and $SPX is sitting right above its weekly 2 std-dev level at 7617, a stretch that historically doesn't hold long. $SPY's also seeing a put-buying surge into tomorrow's expiry, more hedge than conviction. If the liquidity regime really did just flip to long like the data says, this red stretch may be the setup, not the start of something worse.
Aggregated and distilled by Two Sentence Traders. Not financial advice.