March 3, 2026

Great day yesterday and needed it.  One change for todays open; adjust our stop on CONL to 7.43

 

From a technical standpoint, we’re testing range support again — and honestly, that’s not a bad thing. We’ve been stuck in this range-bound chop for a while, and a flush to shake things up is healthy. This is where we find out if real buyers are ready to step in.

We’re looking at another gap down this morning, almost tagging the 591 gap-fill area. QQQ is also getting close to the 200-day moving average around 587 and currently sitting near the prior day low. Bulls need to reclaim 600–602 to really shift momentum back in their favor.

That said… if the bears fumble this today and we fight back again, that would be impressive.

One of the biggest tells I watch for potential bottoms is VIX action — specifically VIX puts or a sharp intraday spike that quickly reverses. When the VIX rips higher and then dumps intraday, that’s often your best buy signal.

We’re watching everything closely. No need to rush into buys right at the open. Let this develop, see how price reacts, and then we strike.

There’s opportunity being created here — just need patience and discipline to take advantage of it.