HaiKhuu Daily Report - 09/02/2026
Good morning and happy Wednesday! Man, these market conditions are not looking the best. We are continuing to sell off at the moment, and $SPY has unofficially broken below $760. $SPY is down at the time of writing this report, and honestly, as bad as this sounds, it appears there is going to be a continuation of selling in these conditions. Obviously, these conditions are less than ideal at the moment, but just remember that during this short-term rough patch, overall these market conditions are still strong. We are currently less than 3% away from a new all-time high, and traders are both optimistic and skeptical at this time.
If you are attempting to trade, please tread extremely lightly and practice safe risk management.
These conditions are going to be extremely inconsistent and difficult for the majority of individuals who attempt to trade it, but just know that hopefully soon, when there is a catalyst for the markets to break out once again, the catalyst is going to be unexpected, and the movement is going to surprise almost everyone.
Please just be smart and rational today, as many traders are going to realize a significant amount of losses in a short period of time.
Good luck trading today, and let’s see where $SPY takes us!
The updated $SPY daily levels are as follows:
Conversion Line Support: $767.39
Baseline Support: $754.24
Psychological Support: $760
Previous All-Time High: $779.64
Daily Cloud Support: $740.74
Thoughts & Comments from Yesterday - 09/01/2026
Yesterday was a nasty day for the general markets. There was selling, small bumps, neutrality, selling, and more neutrality. I would say that overall the average trader had a tough time yesterday, and anyone who was holding general long positions got absolutely shot. Hopefully you all were able to capitalize on the tough market conditions, as we did snipe an almost perfect entry at the bottom, but man was it a tough time for the general markets!
We started yesterday with $SPY opening at $762.03; this means that $SPY dropped $5 and looked absolutely disgusting in the process. There was slight bull momentum as $SPY popped about an hour after open, and once again leading into the lunchtime lull, making the official high of the day at $764.67, before selling off once again leading into the lunchtime lull. $SPY remained at $762 for essentially the rest of the day.
In the first half of the afternoon, there was literally zero movement in the markets, but leading into the back half of the afternoon, $SPY did sell off once again to make the official low of the day, trading at $759.49, breaking that $760 support for a little bit before bouncing back up and displaying minor strength into close. I am extremely happy that the ONLY trade I took yesterday came honestly within the last hour and a half of the day, but it was an absolutely perfect snipe of the bottom as $SPY bounced from the low of the day, and we alerted an entry of $SPY $760 0-DTE call when it was OTM.
That call rallied approximately 100% as we bounced back to that $762 range by the end of the day, and anyone who entered should have absolutely printed!!!
So, we went on after bouncing slightly leading into close, to officially end the day with $SPY trading at $761.768, down 0.7% overall, or down roughly $5, despite the fact that the markets were essentially neutral from the open price. It was a gross day of general neutrality with an intraday movement of $0.30. Hopefully you all were able to sit on your hands and capitalize on the short-term volatility presented to us, and yesterday is another reason why sitting and sniping is exponentially better than attempting to scalp and force positions that are less than ideal!
S&P 500 Heat Map - 09/01/2026
Thoughts & Comments for Today - 09/02/2026
Today is going to be a tough day for the general markets. With the confidence traders are experiencing across the board, traders are excited, yet are in a state of general fear. We’ve been selling off for the previous couple of days, and the markets seem to have no stop to the selling. We have only continued to see mild red in the US markets and a significant amount of neutrality, which absolutely sucks, but at the same time, given the current market conditions and sentiment in the air, traders should have almost zero issue being able to capitalize on short-term failures in the markets.
If you are attempting to trade today, please look for opportunities when organizations are oversold during this volatility, and take advantage of it. We talked about it yesterday: entering into $SPY as it sold off below $760 gave us an almost perfect opportunity to scalp; the issue again really came from the short-term volatility where traders are not confident entering.
I mean imagine, $SPY remained neutral throughout the majority of the day, there is a single small selling event on an intraday basis, to have the confidence or stupidity to attempt to enter that organization at the bottom and roll with it, is a completely different scenerio. But those opportunities are going to be literally the best opportunity all day.
So, it is up to you: would you rather be bored watching as the markets move irrationally in the short term and wait until there is a point of confidence to allocate and win? Or would you rather attempt to force trades on an intraday basis and time positions improperly, and consistently realize gains?
As someone who has done both in the past two trading days, I will tell you, it is so much nicer to win and nail a 50% return on a single play than to log about 100 trades and slightly lose a little bit of money.
Again, I am not saying that these market conditions are perfect or that everything is going to work out exactly as expected, but given the current market conditions and the way that everything is setting up, opportunities are going to present themselves, and there will be better opportunities than others, so you can be caught in the cycle of making bad trades, or you can make some great trades.
Just sit back, make sure you are practicing safe risk management, and prepare accordingly for some fun volatility; two more days until we get some fun Friday 0-DTE gambles. Last week we nailed a 500% and a 700%, so let’s see what this week and today have in store for us!!!
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, $ORCL, $TSLA, $SPCX, $SNDK, $MU, $AMD, $INTC
Speculative: $PTLO, $BABA, $RIVN, $DKS
Long Dividend: $JEPI
Long Investment: $PTLO, $WMT
Crypto: $MSTR, SOL, BTC
Economic News for 09/02/2026 (ET):
ADP National Employment Report - 8:15 AM
Factory Orders - 10:00 AM
Federal Reserve Beige Book - 2:00 PM
Notable Earnings for 09/02/2026:
Pre-Market Earnings:
Sprinklr (CXM)
Ollie's Bargain Outlet Holding (OLLI)
After Market Earnings:
Broadcom (AVGO)
Hewlett Packard Enterprise (HPE)
Snowflake (SNOW)
Five Below (FIVE)
NetApp (NTAP)
PVH Corp (PVH)
Gold.com (GOLD)
ChargePoint Holdings (CHPT)
Petco Health and Wellness (WOOF)
Wrap up
This is going to be an interesting and difficult time for the general markets. Hopefully we are able to break out, and hopefully traders are able to realize a significant amount of gains in an extremely short period of time. Regardless of your personal sentiment in the markets, these conditions are interesting and are providing everyone with some fun opportunities to scalp and trade. So time your positions out properly, and make the most out of today!
Good luck trading, and hopefully this selling does not continue!