HaiKhuu Daily Report - 07/17/2026
Good morning and happy Friday! Man, I genuinely don’t know where these weeks go; they’ve absolutely flown by, and I'm honestly so surprised we’ve managed to keep this $750 consolidation for so long. Markets have dropped heavily, and South Korea’s market has only continued to plummet in the short term.
We are starting to get the larger directional move I was talking about before, but man, is this looking disgusting. We’ve rejected $750 as the markets have dropped heavily overnight, and this is going to be a tough time.
Some people are going to absolutely print today because of this volatility, while others are going to have major difficulties. Please protect your bottom line and prepare for what will be a difficult day. This selling can easily continue, so in the case that it does, hopefully there is some support at $740, but please, continue to tread lightly on the consolidation that we have been going through and the selling that we’ve experienced.
Life is good, and so are the markets, but given the difficulties we are experiencing right now, it is hard to be realistic about your expectations. I’ll talk more about how I personally plan on navigating this short-term volatility in a little, but for now, please continue to tread lightly and practice safe risk management. Look to maximize the opportunities that become available to you, and hope for the best today.
Good luck trading today, and it will be interesting to see where the markets take us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $747.55
Baseline Support: $736.63
Psychological Support: $750
Previous All-Time High: $760.40
Daily Cloud Support: $742.83
Thoughts & Comments from Yesterday - 07/16/2026
Yesterday was a terrible time for the general markets. Everything traded as we expected, and as a result, conditions were weak, bearish, and extremely slow. Hopefully you all were able to make the most of the short-term volatility and realize some gains, but man, the average trader had a difficult time navigating yesterday, and I hope you all are alive and alright!
We started yesterday with $SPY opening at $752.85; conditions were slightly red, but overall pretty alright, and we watched as we dropped quickly to test the $751 range. The selling was initially mild and was quickly bought back up, after which $SPY went on to make the official high of the day at $754.56. Honestly, market conditions at the top were good in perspective, but were extremely short-lived, as after we saw some neutrality and consolidation around the official high of the day, we watched as markets quickly sold off.
Markets dropped in the early afternoon and continued to decline until the end of the day. We watched as $SPY went from testing $755 to going on and selling off for four hours straight, and making the official low of the day at $747.89. Conditions at the bottom were tough, but as expected, we just continued to chop around that $750 range and went on to bounce slightly leading into close, where we officially ended the day with $SPY trading at $750.72, down $4 for the day, or down 0.55%.
What I will say about yesterday is that it was a rougher time for the general markets. There were opportunities to scalp, but with the terrible momentum provided to us, it was pretty hard to attempt to buy any real dip. The move yesterday was to follow the bearish momentum and actively short any tech, so hopefully you all were able to capitalize on the short-term momentum and have an amazing time in the process. Congrats to all of the bears that were able to print in the process, and let’s see what the markets have in store for us today!
S&P 500 Heat Map - 07/16/2026
Thoughts & Comments for Today - 07/17/2026
Today is shaping up to be a bloody bloody morning for the markets. As bad as this sounds, this is exactly what we’ve been warning you all about. We have officially rejected $750 and are no longer in range for a new all-time high. We have quickly snapped down and sold off on tough market conditions. $SPY is back testing the $740 magnet zone, and this is going to be one of those days when traders have so many difficulties.
Please continue to tread lightly, and if you are attempting to trade, make sure you practice safe risk management.
Markets can easily do a handful of things at this point, and I am here to warn you about the realities. I see one of three scenarios happening right now:
Scenario 1) Continuation of bearish trend
Hopefully the markets don’t continue to drop from here, but given both the general market pricing and momentum, it's hard not to expect a small continuation of this bearish trend. We could drop to $SPY $740 and chop in that range, or, in the worst-case scenario, you could see a continuation of selling after $740 and watch as we drop. That would obviously be less than ideal, but it is a realistic possibility.
Scenario 2) Mild confusion and chop
This would honestly be the deadliest situation - this would be where the markets essentially chop at this range on a larger timeframe, where we have opportunities to actively scalp and daytrade in the short term, but if you look at open to close, there is essentially no movement or recovery. This is where traders get extremely hurt because in the case that we continue to chop on an intraday basis, traders will get stopped, realize losses, and not be provided with opportunities to make it all bad. Just something to consider in these market conditions.
Scenario 3) Full bullish recovery
This is what everyone is honestly hoping for; imagine something dumb is said and all of a sudden the markets pump on some sort of news. We then go on to fully recover 100% of the losses incurred and watch as the markets break out and show confidence. This is obviously the least realistic to expect, but is a possibility with these current markets. It wouldn’t be surprising to see a breakout in the markets towards the end of the day, but again, we are grasping for straws looking for some sort of larger movement for us to capitalize on.
But yeah, with the way the markets are looking, please just continue to tread lightly amid the volatile conditions, and make sure you are doing everything you can to maximize your profit potential. Markets have presented us with some great opportunities to day trade and scalp, so take advantage of this momentum and make the most of it!
With the way the markets are setting up heading into today, I believe this is going to be an amazing day to attempt to day-trade and scalp 0-DTE option contracts. Obviously, this will have many risks and I do not believe that 0-DTE’s throughout the day are realistically the best move, but as I have been talking about for the past couple of months, I believe that looking for 0-DTE “gambles” towards the end of the trading day are going to provide you with the highest risk to reward in these market conditions, and also provide you with the instant gratification you are looking for.
Just look for organizations that have consolidated, sold off, and show potential of a breakout in the final minutes of the trading day; you will not get nailed by theta, and you can watch as your positions rip exponentially in the process. This is going to be one of those times though where you need to go into the play expecting a 100% loss. If you are even 1% incorrect, that means you will be 100% wrong as a result. Make sure to grab some ATM contracts that are JUST out of the money, and show a lot of potential. Assuming everything is setting up properly, you can easily watch as you net 1,000%+ on these plays.
Tech is going to be a tough sector to be watching today, but at the end of the day, the entire sector will provide us with some insane volatility, so make the most of the short-term positions provided to us, and make sure to realize some gains! ;
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: $NVDA, $INTC, $AMD, $MU, $ORCL, $TSLA, $SPCX
Speculative: $PTLO, $AIFF , $RIVN, $RBLX
Long Dividend: $JEPI
Long Investment: $PTLO
Crypto: $MSTR, SOL, BTC
Economic News for 07/17/2026 (ET):
Import Price Index - 8:30 AM
Housing Starts - 8:30 AM
Building Permits - 8:30 AM
Industrial Production - 9:15 AM
Home Builder Confidence Index - 10:00 AM
Notable Earnings for 07/17/2026:
Pre-Market Earnings:
Regions Financial Corporation (RF)
Truist Financial (TFC)
Fifth Third Bancorp (FITB)
Travelers Companies (TRV)
Wrap up
This is going to be a spicy day for the markets and traders are going to have a difficult time. I am excited to see what the markets ultimately end up doing, but I am skeptical in the short term. Please continue to practice safe risk management in these conditions and be realistic with your expectations, but make the most of this volatility. The best of traders and the worst of traders will have an interesting day, so let’s have some fun and realize some gains!
Good luck trading and let’s see what these conditions have in store for us!!!