HaiKhuu Daily Report - 09/17/2026
Good morning and happy Thursday! Congrats on surviving that insane volatility yesterday, and I want to welcome you to what should be considered “Life after Powell”. Rates have officially increased, markets are down, and traders are on the edge of extreme fear.
I am not saying that these market conditions are going to be easy or rational, but given the current market conditions, I just hope that you all are ready for some volatility. There are going to be some insane opportunities to trade over the next couple of days, and some traders are going to be able to realize a significant amount of gains with ease, while others are going to have an absolutely terrible time in the process.
Just remember, regardless of your general sentiment. Life is good. The markets are still up significantly from the bottom; we are just now dropping from the top. Hopefully we snap back to that $760 magnet zone and the markets recover quickly, but given the way things are trending, it is hard not to be skeptical.
So, I guess we'll see what happens in the short term, but let’s just hope that my prediction is wrong about this starting to become the beginning of the end.
Much love, and let’s see what the markets decide today and make the most of it!
The updated $SPY daily levels are as follows:
Conversion Line Support: $761.82
Baseline Support: $764.49
Psychological Support: $760
Previous All-Time High: $779.37
Daily Cloud Support: $752.98
Thoughts & Comments from Yesterday - 9/16/2026
Yesterday was an absolutely terrible day for the general markets. We were beautifully green and watched as $SPY was trending around that $760 magnet zone throughout pretty much the entire day until the interest rate decision. Markets dropped heavily on news that we were going to get a single 25 bps rate hike, which is the first increase we’ve seen since 2023. So the large majority of traders had a tough time, but as I say. C’est la vie!
We started yesterday with markets looking alright. We opened at $759.50, meaning that $SPY was up approximately $2 from the previous close. Market conditions were strong, and traders were optimistic leading into the interest rate decision. We continued to hover around that $760 point, showing minor strength in the process, but despite the strength we experienced, traders still had a rough time attempting to navigate the short-term uncertainty.
We continued to chop and remain neutral despite seeing minor strength as $SPY did break above $760 for a small period of time, resulting in minor bullish strength leading into the lunchtime session. We all could have very easily realized some gains in the process, but with the confusion we were experiencing at the time, traders had a tough time generating any significant gains in the process.
Markets slowly came down leading into the interest rate decision, and then actually watched as we bounced slightly after the announcement, before plummeting to the ground afterward.
$SPY went from trading at $760 to quickly making the official low of the day at $749.62 as Warsh was speaking. Conditions were less than ideal, yet markets displayed strength from the bottom. I do not know how much realistically was strength versus being oversold, but regardless, we alerted that we saw a sign of a reversal and talked about $750 calls while they were out of the money into close, and watched as $SPY went on and rallied beautifully, ending the day at $754.05, meaning we were down 0.44% overall, or down roughly $3.50 again for the day, but watched as those $750C’s alerted rallied and were $4 ITM by close.
What I will say about yesterday is that market conditions were less than ideal, yet traders had opportunities consistently across the board to be able to realize some gains. Hopefully you all were able to capitalize on the momentum in the markets yesterday, as we saw many people be able to capitalize on the intraday momentum prior to the interest rate decision. We watched as many bears printed as the markets came down quickly, and we watched as many bulls had a great opportunity to buy the dip. But hey, today is a new day, and let’s see what happens!
S&P 500 Heat Map - 09/16/2026
Thoughts & Comments for Today - 09/17/2026
Today is going to be an interesting day. With the way that everything is setting up, we are going to get one of three movements.
We reject $760 and continue to sell off.
We reclaim $760 and break out.
We recover to $SPY $760, maintain that level, and continue to display relative strength as a result. Obviously, this would be the best worst-case scenario.
Obviously, I do not want the markets to come down from this point, and I do not believe that the large majority of traders want the markets to come down either. So if you are attempting to allocate in these market conditions, just understand that there is going to be so much irrationality in the markets that will provide you with some great opportunities to trade, but also some great opportunities to get absolutely slaughtered. So if you are attempting to trade, please continue to tread lightly and practice safe risk management because given the current market conditions, traders are genuinely going to have a difficult time allocating at this level with any type of confidence.
We have moved up nicely during the pre-market session as a part of the recovery that we have been seeing, but at the same time, what is a recovery if we are just moving back up to a point that we were at previously?
So my concern at this point is that all of this is just short-term volatility that causes traders to lose confidence and get stopped out of positions. I am not saying that this is what is about to happen, but with the momentum we’ve seen over the previous couple of days, I just need to warn you all about it.
If you are attempting to trade today, make sure that you are following the momentum of the general markets. If things are looking weak and we are seeing a continuation of neutrality and chop around the $760 magnet zone, my recommendation to you is to make sure that you do not force any trades at that time. Traders are going to genuinely have a difficult time as a result of neutrality at this level. We’ve seen it happen before and honestly, it will happen again under the assumption that traders are not able to capitalize on trends with ease.
In the case that we sell off, just remember that the next level of major support we should be on the lookout for is the $740 magnet zone. In the case we reject $760, expect a large directional move that comes suddenly, and understand that it is going to be an explosive movement as we get launched bearside towards $740.
In the case that we break out, just remember that in the same way we can easily launch towards the downside, in the case that the markets decide to break out, trading will become exponentially easier. Hopefully this is the case, and that the markets decide to break out irrationally, but again, we have to be logical with our expectations in these conditions.
Just make sure to have some fun, realize some gains, and make the most of the short-term volatility today. We are going to have a lot of fun, so just practice safe risk management and enjoy the opportunities presented to 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, $AI
Long Dividend: $JEPI
Long Investment: $PTLO, $WMT
Crypto: $MSTR, SOL, BTC
Economic News for 09/17/2026 (ET):
Housing Starts - 8:30 AM
Philadelphia Fed Business Outlook Survey - 8:30 AM
Weekly Jobless Claims - 8:30 AM
Pending Home Sales - 10:00 AM
Notable Earnings for 09/17/2026:
Pre-Market Earnings:
No Earnings Scheduled
After Market Earnings:
No Earnings Scheduled
Wrap up
Today is going to be a hectic day for the general markets. Hopefully we continue to see a larger recovery in the markets as fear starts to subside, but that is the ideal scenario. Please make sure to tread lightly and follow the general momentum of the markets. This should be a lot of fun for the general markets, so please protect your bottom line and make the most of today. Life is good, and these conditions are iffy. Let’s hope for the best, but prepare for the worst.
Good luck trading, and let’s see where $SPY takes us today!