S&P futures down 0.67% with Financials and Materials getting hit hardest. Scanner flagged zero qualified setups but three longs and three shorts worth watching into the open.
Ugly pre-market across the board except for the defensive rotation — Health, Utilities, and Energy catching bids while Financials (-1.24%), Materials (-2.35%), and Consumer (-1.11%) bleed. This isn't a buy-the-dip tape yet. I want to see where SPX lands in the first 30 minutes before I touch anything on the long side.
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Crypto Fear & Greed at 27 (Fear) while BTC is pushing +1% overnight — that divergence is the most interesting thing on my screen. I added a small BTC position yesterday and I'm holding it. Gold I'm long from lower and not adding at these levels with the tape this choppy.
Day trades today are half-size until SPX shows me a direction off the open. If we gap down and $7,280 holds within the first 30 minutes, I'll look at MLP for a momentum scalp. If it breaks, I'm sitting on my hands until noon.