HaiKhuu Daily Report - 07/08/2026
Good morning and happy Wednesday! Man, these market conditions are CRAZY. We have officially gotten war news, and the markets are looking disgusting during the pre-market session. The ceasefire is over, and we have launched official strikes against Iran again. $SPY is back to the $740 resistance level, and this is exactly what I warned about yesterday. We have FOMC minutes & war news back in effect, so I hope you all are prepared for some volatility.
Tread very lightly here at this $SPY $740 range, and prepare accordingly for more war news and volatility. This is going to be an insane day that hopefully provides us all with opportunities to scalp, day trade, and print some cash.
I’ll talk about all of my warnings for today later on in the full report
Good luck trading today, we all are going to need it…
The updated $SPY daily levels are as follows:
Conversion Line Support: $734.50
Baseline Support: $738.49
Psychological Support: $740
Previous All-Time High: $760.40
Daily Cloud Support: $736.03
Thoughts & Comments from Yesterday - 07/07/2026
Yesterday was a gross yet extremely predictable day for the general markets. Hopefully you all were able to tune in and listen to our warnings about the conditions yesterday, because we were almost 100% spot-on with our predictions. Life is good, but man, the markets were in a tough position, so hopefully nothing was lost, and everyone was able to make the most of the short-term volatility!
We started yesterday with $SPY opening at $750.16, right above the $750 support, and general market conditions were alright. We were down slightly from the previous close, but it was nothing of any major significance. Things continued to roll around that $750 mark for the first half hour or so of the day, and then we watched as $SPY quickly dropped early in the morning, going on to make the official low of the day at $745.24.
Market conditions after the sell-off were disgusting, as we rejected the $750 support level, but thankfully markets started to bounce again leading into the lunchtime lull. As people started to step away, selling stopped, and we saw a minor inflow of buying, which resulted in $SPY coming back up to test the $750 resistance once again leading into the back half of the afternoon, where it was met with about two-ish hours of blind neutrality. There was genuinely no movement in the overall markets as we were in a minor consolidation before the markets sold off once again leading into power hour.
During powerhour, there really was no great plays or opportunities as the markets did continually chop around relatively slowly the entire time, but thankfully, in the process of all of the BS, we were able to find one great opportunity to scalp a 0-DTE $SPY call, as we watched as the $747C went out of the money, to slightly ITM, we watched as the $0.60 contract dropped 50% to hit $0.30, and then watched as that $0.30 contract rip to $0.95. That was a fun little 300%’er we alerted, and watched as $SPY went on to officially end the day trading at $747.71, down 0.5% overall, or down just shy of $4.
What I will say about yesterday, as bad as this sounds, this was all 100% expected. We got the directional move at $750, we saw some chop, and we saw neutrality and consolidation. This was exactly what was predicted in yesterday's report, so hopefully you all have been able to capitalize on these conditions, realize some gains, and make the most of the short-term confusion and volatility. I’m excited to see where the markets take us today, so please tread lightly and let’s prepare for some volatility!
S&P 500 Heat Map - 07/07/2026
Thoughts & Comments for Today - 07/08/2026
Today is going to be a sketchy, sketchy day for the markets. We got war news, $SPY is at $740 support, and conditions can easily continue to sell off if things get rough. Please be careful and rational leading into today; expect turbulence and difficulties. I am not trying to scare you; this is short-term volatility that will blow over and provide us with opportunities to scalp and day trade, but conditions are going to be SKETCHY.
Practice safe risk management on a day like today, but understand that, with war news and the selling event, we are going to get a great buy-the-dip opportunity. I do not know where the bottom is, nor what catalyst will cause us to come back up. It will most likely be war news, but things could get sketchier with the FOMC minutes being released TODAY.
I am not trying to get you guys to be skeptical, but in case there is more downside, know that we can drop below $700 with relative ease. A little bit of fear, a little bit of bad news, and a couple of tech organizations dropping exponentially, markets can drop quickly, there are support levels that need to break before we get down to $700, but in the case we get purpetual selling over the course of a couple of days, know that a small 5%~ drop in the markets, is not a lot, but will hurt a lot of traders in the process. Tread lightly on long allocations, make sure to set stops accordingly on all of your positions, and realize gains.
A couple of levels to keep in mind:
$SPY - $740
$SPY - $720
$SPY - $700
All of these levels have been major consolidation points over the previous couple of months of trading, so please prepare accordingly as $SPY comes down to test those supports.
We will get an amazing buy-the-dip opportunity as a result of all of this selling that has occurred. But the question is when. That is the hard part. But after all of this selling has ended, look to take on proper risk and allocate accordingly. When the selling is over, we will see a large directional breakout; conditions will be amazing, and everyone will print. The hard part will be timing out your position and prepping for the event.
We do have FOMC minutes being released today, that “Should” not create any volatility, but who knows. The new Fed chair may stir things up, but typically this is not an event that should create volatility.
So just prepare accordingly for today, we have seen some selling, we have $SPY support at $740, there is a lot to consume leading into today. Hopefully we get some good news and the markets snap back up, but prepare accordingly for what is going to be a disgustingly volatile day for the markets. Do not try and catch a falling knife, wait for confirmation of volume, momentum, and direction, and allocate accordingly.
There will be some amazing buy the dip opportunities, it is just a matter of remaining solvent while attempting to capitalize on this bearish momentum.
This will be a fun day for all of us, so enjoy the volatility we have instore for us today, and make the most of it!
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: $AMD, $MU, $NVDA, $INTC, $ORCL, $SNDK $TSLA, $SPCX
Speculative: $PTLO, $RIVN, $RBLX, $AIFF, $NKE
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 07/08/2026 (ET):
Wholesale Inventories - 10:00 AM
FOMC Minutes - 2:00 PM
Consumer Credit - 3:00 PM
Notable Earnings for 07/08/2026:
Pre-Market Earnings:
Helen of Troy (HELE)
After Market Earnings:
Azz Inc. (AZZ)
Levi Strauss & Co (LEVI)
Wrap up
These are going to be some volatile market conditions. I’m excited to see where the markets go from here, but need to just warn you all about the realities of these conditions and how volatile everything is. Please continue to tread lightly, practice safe risk management, and follow the trends. Don’t fight the inconsistencies of these conditions, and let’s have a great time.
Good luck trading, and let’s see where $SPY takes us today!