HaiKhuu Daily Report - 03/06/2026
Good morning and happy Friday! Wow, this has been a volatile week for the markets, and I hope you all are ready for another insane day of volatility. $SPY is trading in the $680 magnet zone. Traders are optimistic yet scared, and everyone is interested to see where the markets take us from here. Hopefully this week has not been too difficult for you as it has only continued to provide us with opportunities to scalp and realize a significant amount of gains in an extremely short period of time.
This will be an interesting time, as this is the end of the week, so be cautious, knowing that realistically, the likelihood of us making a large directional move will be increased today, meaning some traders will absolutely print while attempting to trade today, while others will unfortunately have a more difficult time. So follow the general market momentum, practice safe risk management, and have an amazing time in the process.
With the increased volatility and opportunities leading into the end of this week, continue to look for opportunities to trade and capitalize on. I’ll talk about 0-DTE option contracts later on in this report, but for now, just sit back and prepare accordingly for what should be another interesting time for the general markets!
The updated $SPY daily levels are as follows:
Conversion Line Resistance: $681.67
Baseline Resistance: $683.75
Psychological Support: $680
Daily Cloud Resistance: $686.13
Thoughts & Comments from Yesterday - 03/05/2026
Yesterday was a tough and confusing day for the overall markets. There was continued bearish momentum with conditions remaining less than optimal through the majority of the day, but there were some insane opportunities to scalp in both directions. Hopefully, you all were able to capitalize on the volatility provided, and enjoyed the momentum, if not… hopefully you didn’t realize a significant amount of losses!
So, we started the day honestly looking alright. $SPY opened the day at $682.13, down $3 from the close, and watched as $SPY quickly popped up after open, chopped around for a little bit, and went on to make the official high of the day, trading at $685.52. Conditions at the top were beautiful as $SPY was officially green again for the day, but that level was extremely short-lived as after hitting that point, $SPY quickly snapped down, leading into the lunchtime lull, bounced slightly, only to sell off once again, leading into the beginning of the afternoon.
$SPY broke $680 on the way down, and went on to make the official low of the day while chopping in the $675 range, where we made the official low of the day at $675.62. Conditions at the bottom were mild, choppy, and confusing as the markets really didn’t do anything in the middle of the afternoon, before starting to heat up again, leading into power hour.
Markets started to move up leading into power hour, before $SPY started to rally, and went from testing the low of the day, to recovering almost $6 in the back half of the afternoon, going on to officially end the day trading at $681.31, down approximately $4 for the day, or down roughly 0.6% overall.
I won’t say that the market conditions of yesterday were necessarily beautiful, but opportunities were consistently presented to us, and traders could have very easily realized a significant amount of gains, assuming they followed all trends and momentum. We called out some absolutely amazing 0-dte alerts yesterday, so congrats again to anyone and everyone who was able to capitalize on those conditions with us, and are ready for where the markets are going to take us today!
S&P 500 Heat Map - 03/05/2026
Thoughts & Comments for Today - 03/06/2026
Today is going to be another spicy and confusing day for the markets. Conditions have only continued to be difficult throughout this week, and leading into today, I do not believe that anything will change at all. With the confidence that traders are feeling and the confusion some are feeling, this is going to provide us with some amazing opportunities to realize a significant amount of gains. So the true question is, what is going to happen today, where are we headed, and what can we do to maximize our potential?
Before I get too deep into this report, I just want to remind you that here at $SPY $680, I am expecting a lot of chop, inconsistenciesties and irrationality. Many traders are going to generate losses during the chop, and many more are going to experience difficulties navigating conditions prior to markets officially picking a direction. So just continue to practice risk management and realize some gains.
The easiest thing you can do to improve your short-term trades is to decrease dumb risk and simply follow market momentum. It may sound easy, and I constantly say that, but fighting larger market trends is one of the worst things that you can do in these conditions. Both bull and bear plays are on the table, and opportunities will be provided to both directions, but buying as the markets are diving, or shorting as the markets are ripping, is going to be one of the worst feelings in the entire world.
So if you are attempting to trade today, just be cautious of the current market conditions and follow the trend.
If you are looking to make exponentially more gains at this time, as I have said before, this is the time that you should look to maximize your profit potential. Obviously, it is riskier to take on more exposure or attempt to purchase some 0-DTE contracts, but with the way the markets are moving, mostly here at this $680 point, assuming that we do get a larger directional move, the traders who are able to capitalize on these conditions are going to genuinely realize a significant amount of gains in a short period of time.
Do not fall asleep behind the wheel because, again, these conditions are difficult to navigate and extremely volatile, but at the same time, opportunities are there for us to capitalize on, and we can have an amazing time attempting to scalp and trade.
Look to trade some of these higher beta stocks when you are attempting to trade today. Some organizations are heavily over valued, and some have been heavily oversold as a result of these current conditions. If you are looking to go long, look to go long an organization that has had a tough time recently as the recovery will be beautiful, and if you are looking to get bearish exposure, looking to short some of these overpriced organizations in the markets has to be one of the easiest plays out there.
Just make sure you are constantly watching today, because many people are going to be going through exactly what you are experiencing right now, so make the most of these conditions and enjoy the day!
If I see any opportunities, or if I decide to get into any other plays, I’ll announce what I see in the HaiKhuu Discord.
My Personal Watchlist:
Note, just because something is on my watchlist does not mean it is a signal to buy or sell any equities
Watchlist:
Tech: $ORCL, $NVDA, $TSLA, $NFLX, $INTC, $RIVN, $AMD
Speculative: $PTLO, $AIFF, $IONQ
Long Dividend: $JEPI
Long Investment: $PTLO
Short: $BRK/B
Crypto: $MSTR, SOL, BTC
Economic News for 03/06/2026 (ET):
Employment Report - 8:30 AM
Unemployment Rate - 8:30 AM
Hourly Wages - 8:30 AM
Cleveland Fed President Beth Hammack speaks- 1:30 PM
Notable Earnings for 03/06/2026:
Pre-Market Earnings:
Algonquin Power & Utilities (AQN)
Drilling Tools International (DTI)
EMBRAER AIR-ADR (AMBJ)
Genesco (GCO)
Wrap up
This is going to be an interesting yet difficult day for the markets that will be filled with opportunities. Let’s make the most out of these market conditions and have an amazing time in the process. Tread lightly on this $680 level, and just do what you can to maximize your profit potential, while managing risk properly. We will have a lot of fun today, so let’s end this week strong!
Good luck trading, and let’s realize some gains!