Premarket Report + Open Trades (paper) — 2026-03-31

Premarket Report + Open Trades (paper) — 2026-03-31

=== Premarket Report (9:00am ET) ===

Premarket Sentiment + Trade Setup — 2026-03-31 (Tue) — 9:00am ET

Data sources (public): Stooq delayed quotes (https://stooq.com)

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1) Market Snapshot (quick)
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US index futures (overnight):
- ES (S&P 500 e-mini): 6461.25 (O/N O: 6385.75 | H: 6468.50 | L: 6355.25)  -> bias: risk-on rebound
- NQ (Nasdaq 100 e-mini): 23398.25 (O/N O: 23109.75 | H: 23435.25 | L: 22966.75) -> tech-led strength

Prior US session (cash ETFs, 2026-03-30 close):
- SPY: O 640.11 | H 640.37 | L 629.28 | C 631.97 (red day; closed near lows)
- QQQ: O 567.38 | H 568.05 | L 555.60 | C 558.28 (heavy selloff; weak close)
- IWM: O 245.35 | H 245.37 | L 238.69 | C 239.61 (small caps hit hard)

Crypto (BTC spot proxy, last print):
- BTCUSD: O 66828.3 | H 68384.4 | L 65946.0 | Last/Close 66641.3

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2) Premarket Read (what matters today)
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Sentiment: Moderately bullish / “rebound attempt”
- Futures are bid after a sharp down prior cash session (SPY/QQQ/IWM all closed weak). That typically sets up either:
  (A) a squeeze higher if yesterday’s highs are reclaimed, or
  (B) a fade if the market can’t hold above the first 30–60 minute opening range.

Risk notes:
- Because yesterday closed near lows, expect choppy price discovery early (gap-and-go vs gap-and-fade battle).
- Keep first trade small; add only after a clean level break + retest.

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3) Key Levels (use these as decision points)
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SPY (from 2026-03-30):
- Resistance: 640.37 (yday high), then 645.00 (round)
- Support: 631.97 (yday close), 629.28 (yday low)

QQQ (from 2026-03-30):
- Resistance: 568.05 (yday high), then 575.00 (round)
- Support: 558.28 (yday close), 555.60 (yday low)

BTCUSD (intraday levels from last 24h print):
- Resistance: 68384 (swing high)
- Support: 65946 (swing low), then 65000 (round)

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4) Top 3 Trade Setups (entries / stops / targets)
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SETUP #1 — SPY: Breakout reclaim (bull)
Idea: If SPY reclaims yesterday’s high, odds favor a squeeze / mean reversion higher.
- Entry trigger: Long on 1–5 min close ABOVE 640.50 (reclaim + confirm)
- Stop: 636.90 (below the reclaim zone; invalidates breakout)
- Targets:
  - T1: 645.00
  - T2: 649.50
  - T3 (runner): 652.00
- Management: Take partial at T1, move stop to breakeven after a clean hold above 640.5 on a retest.

SETUP #2 — QQQ: Reclaim of breakdown level (bull, higher beta)
Idea: QQQ had a hard down day; a reclaim of the prior high often triggers short-covering.
- Entry trigger: Long on break + hold ABOVE 568.20
- Stop: 562.40 (below the midrange; keeps risk defined)
- Targets:
  - T1: 575.00
  - T2: 581.50
  - T3 (runner): 586.00
- Management: If QQQ pops into 575 quickly at the open, don’t chase—wait for a pullback/retest.

SETUP #3 — BTCUSD: Breakout continuation OR breakdown (two-sided)
Idea: BTC is range-bound between ~65.9k and ~68.4k; trade the break with tight risk.
A) Bull break
- Entry trigger: Long on 15-min close ABOVE 68,450
- Stop: 67,650
- Targets:
  - T1: 69,900
  - T2: 71,800
  - T3 (runner): 74,000

B) Bear break (only if equities also fade)
- Entry trigger: Short on 15-min close BELOW 65,900
- Stop: 66,800
- Targets:
  - T1: 64,700
  - T2: 63,200
  - T3 (runner): 61,500

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5) Execution Checklist (for the open-trades bot)
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- Only take setups at/after a clean level break + retest.
- Max loss per idea: keep tight; don’t widen stops.
- If SPY and QQQ disagree (one breaking out, the other failing), reduce size or stand down.
- If BTC breaks up while ES/NQ fade hard, treat it as suspect (reduce size / take quicker profits).

End of report.

=== Open Trades Submitted (paper) ===

Premarket Open Trades (paper) — 2026-03-31
Max slippage: 0.30% • Notional: $5000 each

SPY x7 — stop $640.50 / limit $642.42 (ref $641.72) • TP $645.00 • SL $636.90
QQQ x8 — stop $568.20 / limit $569.90 (ref $567.60) • TP $575.00 • SL $562.40

Submitted: 2 • Rejected: 0