HaiKhuu Daily Report - 08/29/2025
Good morning, and happy Friday!!! FINAL REMINDER THAT THE MARKETS ARE CLOSED ON MONDAY FOR LABOR DAY.
We've survived another week, and market conditions remain less than optimistic at this time. Markets have come down slightly during the pre-market session, and this is likely to be one of those times when, regardless of the trade you are attempting, conditions will remain difficult unless we break the $650 resistance quickly in the morning.
I will flat out say that many traders are going to have a tough time today, while others will be generating life-changing gains. Continue to make smart allocations and protect your bottom line, as many traders are going to have a difficult time today.
Understand that going into today, market conditions are going to be tighter, slower, and choppier, both due to market conditions and location. Traders are confused and hesitant at this level, and I expect lower volume as traders prepare to enjoy their three-day weekend.
Just continue to capitalize on these market conditions and make some smart allocations, as many will get burnt today!
Good luck trading today, and see $SPY break $650!
The updated $SPY daily levels are as follows:
Conversion Line Support: $641.22
Baseline Support: $634.38
Psychological Support: $640
Psychological Resistance: $650
Daily Cloud Support: $619.59
Thoughts & Comments from Yesterday 08/28/2026
Yesterday was honestly kind of an amazing day for the markets. There was a significant amount of strength and opportunity; it was just a matter of allocating at the right place at the right time, and simply holding the position long enough, and not having any negative factors impact your ability at all. But we all should have made money attempting to trade yesterday, and enjoyed new all-time highs!
So, we started the day with $SPY opening slightly green from the previous close and at an all-time high, trading at $647.92. Market conditions were tough at open as many traders quickly got trapped, and many of us caught a quick bearish play, and watched as $SPY quickly went on to make the official low of the day, trading at $645.35. Conditions thankfully from there strengthened quickly, and we watched as, after 10am EST, the markets essentially only continued to move up, and continually made new all-time highs throughout the rest of the day.
We went on to make the official all-time high about 10 minutes into close, going on to watch $SPY trade at $649.48 before coming back down, where we ultimately ended the day with $SPY trading at $648.92, up $2.29 for the day, or up 0.35%.
I will say that yesterday was an absolutely beautiful day for the markets with a significant amount of opportunity. Traders could have easily capitalized on both directions in the markets, and many of the traders here were able to do so with ease. So, hopefully you all were able to capitalize on the volatile market conditions of yesterday and were able to print in the process! So, let’s see what the markets have in store for us today, and again, continue to make the most of it!
S&P 500 Heat Map - 08/28/2025
Thoughts & Comments for Today - 08/29/2025
So, let’s talk about today and the confusion of today. With the way that everything is looking. Market conditions are still extremely strong, but I think this is a trap and a half. We are going into a three day weekend, so I am expecting to see a lower volume, with a slower, choppier day that has an overall weak momentum based move.
I may be wrong about this, I’ve been wrong about things before, but I am warning you all today, that there will be inconsistencies throughout the market, and many traders will get burnt trying to trade momentum when it is nonexistent, or getting chopped out consistently. I’ve seen it happen time and time again, and it will consistently happen on any day who’s momentum is set up like today.
Go into today with the expectations that things are going to be weak, and inconsistent, but remain optimistic because there can be shifts in market momentum at anytime, or a single headline that causes the markets to stir momentum in any direction, throwing out all previous sentiment.
So, remain fluid and make the most out of these conditions.
We will warn you about what is coming in the inevitable future though. $SPY is currently in uncharted territories. We are currently making new all-time highs, testing levels we have never been to before, and are hitting major psychological resistance here at $650, creating this tight consolidation as we are coming up to that point.
Here in the near future, I do not know if it will occur today, Tuesday, or whenever, but when we come to test $650, I am assuming that this is going to be the outcome:
1) Chop and consolidation (We are here)
We are here, markets are going to chop and consolidate right before the major resistance point, where market makers are going to attempt to burn as much premium as possible, and stop out as many traders as possible.
2) The test
Here, we will test the $650 level. We will test that level, we might not break it instantly, but we will inch closer and closer, possibly rejecting that level for a short period of time before finally breaking above that level.
3) The hunt
Market makers are going to try and hunt as many people as possible once we “finally” break above $650. At this point, I am expecting $650 to be a chopping point, breaking back above and below that level as many times as possible to test people’s faith and stops, trying to burn as many people as possible.
4) The aftermath
This is what happens after $650
4a) Euphoria
In Euphoria, this will be achieved under the assumption that markets continue to get purchased, bought, and irrational purhcasing occurs above this level to maintain the momentum and liquidity as everyone is starting to deploy capital back into the markets.
4b) Death
In death, we reject $650, then afterwards ???, do we come back down to support? Do we see $650 again in a day? In a week? Never? Who knows. But, there is a high likihood that we reject $650, and the markets plummet as a result. The bigger catalyst for a “rejection” at this level though, would be some sort of major global economic policy change that impacts the US markets heavily, rather than a couple of kids selling at $650.
4c) Confusion
This in my opinion is the worst scenerio. I rather lose my ass over the course of two days and then have momentum to make it all back, than watching as the markets continue in this tight, slow consolidation as we test $650. We won’t know exactly where we are headed, or how comfortable people truly are, but we will watch as the markets continue to chop traders out left and right, where despite markets are making all-time highs, traders are just consistently losing money in the process.
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But hey, that is again, kind of my thought on where things go from here. I might be wrong, I definetly am wearing a tinfoil hat, so just consider this regardless of what you do today. Make sure to practice safe risk management as this will be a fun day with many opportunities.
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: $INTC, $TSLA, $NVDA
Speculative: $RIVN, $PTLO, $ARTL, $AIFF
Long Dividend: $JEPI
Long Investment: $INTC
Short: $BRK/B
Crypto: Sol
Economic News for 08/29/2025 (ET):
Personal Income - 8:30 AM
Personal Spending - 8:30 AM
PCE Index - 8:30 AM
Retail Inventories - 8:30 AM
Wholesale Inventories - 8:30 AM
Consumer Sentiment - 10:00 AM
Notable Earnings for 08/29/2025:
Pre-Market Earnings:
Alibaba Group (BABA)
BRP (DOOO)
Frontline (FRO)
Wrap up
Hopefully markets don’t continue to fall, and we are watching as there is confusion and weakness across the board. Traders should continue to remain as fluid and solvent as possible during this time, and just watch out for a break out and test of $650 on $SPY. in the case that we break that level, I am assuming we will see some irrational purchasing, but prior to that may be a little more difficult. So tread lightly on these market conditions, and have a great time!
Good luck trading, and let’s end this week strong!!!