SPX is slipping toward $7,108 with tech leading the drag, but my scanner is lighting up on the long side — SKLZ is up 238% pre-market with nearly 99x RVOL. Here's what I'm watching at the open.
SPX is sitting at $7,108 pre-market, down 0.41%, and tech is the culprit — TECH sector off 1.42% overnight while Industrials and Utilities are quietly carrying the tape. That sector rotation tells me money isn't leaving the market, it's repositioning. I'm not shorting this open. I want to see if SPX holds $7,080 as support — that's the line in the sand for me. A flush below that changes my bias fast.
The Fear & Greed Index is sitting at 67 (Greed), which means this isn't panic selling, it's just rotation. Crypto F&G at 39 (Fear) explains why Bitcoin is basically flatlined at $78,260 — no conviction either direction there. I'm not adding to my BTC position today.
Be respectful. Slurs and harassment will be removed. Not financial advice.
One email each weekday. Same voice, same format, no spam.
Not financial advice. Do your own research.