TradeAlerts AI

Markets Slide But TA Hints Rebound - Energy Pops

Daily Market Brief — March 23, 2026
SPY: $648.57 (-1.43%) | QQQ: $582.06 (-1.85%) | VIX: 25.67 | 10Y: 4.39

Market Overview

SPY's down 1.43% at $648.57, testing fresh lows like a clubgoer eyeing the exit after last call. QQQ's taking a bigger hit, off 1.85% to $582.06, with tech feeling the pressure from rising yields. Overall, it's a red tape but the improving TA scores scream this dip might be buyable if we hold supports.

Bitcoin's bucking the trend, up 3.34% to $70,113.13, stealing the show while equities nurse hangovers. Volume's light, but energy names are perking up - more on that in a sec.

Key Levels: SPY & QQQ

TickerTA ScoreMode S1S2R1R2
SPY5/10IMPROVING[{'tag': 'S1', 'price': 647.17, 'label': 'Support', 'type': 'sr', 'pct': '-0.2%', 'action': 'Add'}, {'tag': 'S2', 'price': 567.25, 'label': 'Support', 'type': 'sr', 'pct': '-12.5%', 'action': 'Strong add'}, {'tag': 'S3', 'price': 479.26, 'label': 'Support', 'type': 'sr', 'pct': '-26.1%', 'action': 'Max buy zone'}]657.5N/AN/A
QQQ5/10IMPROVING[{'tag': 'S1', 'price': 580.08, 'label': 'Support', 'type': 'sr', 'pct': '-0.3%', 'action': 'Add'}, {'tag': 'S2', 'price': 497.22, 'label': 'Support', 'type': 'sr', 'pct': '-14.6%', 'action': 'Strong add'}]589.39N/AN/A
TickerSMA 20SMA 50SMA 200
SPY673.92682.06679.24
QQQ602.97610.95613.69

Levels Commentary

SPY's hugging S1 at $647.17, just -0.2% below current, that's your first line of defense - add if it holds like a VIP rope. Watch for a bull trigger above $662.85 targeting $666.28, with 35% odds on that falling wedge setup; resistances are MIA, so upside could run if we break. Deeper supports at $567.25 (-12.5%) for strong adds, but we're miles from there.

QQQ's similar vibe, S1 at $580.08 (-0.3%) is the spot to watch today - breach that and it's sliding doors. Bull case triggers at $595.93 to $598.28, same 35% prob; both indices at 5/10 scores in 'IMPROVING' mode, so I'm eyeing accumulation here over panic sells.

Want the exact option plays behind these signals?

Our AI scans 200+ tickers daily for the highest-conviction setups.

Become a Founding Member — $39.99/mo

Macro Snapshot

Dollar (DXY): 99.46Gold: $4393.8BTC: $70113.13

VIX dipped 4.14% to $25.67, signaling fear's easing like the crowd thinning out post-rush hour - risk-on vibes creeping back. Yields on TNX jumped 2.57% to 4.39%, dollar's flat at $99.46 (-0.19%), and gold's tanking 3.86% to $4,393.80, all pointing to a macro shift favoring equities over safe havens if inflation fears hold.

Today's Trade Ideas

Our proprietary model is flagging unusual institutional flow in energy plays like OXY and MPC - looks straight bullish, with smart money loading up quietly like reserving the best cabanas before the party starts. Details in the full alert, but these could be the spots to watch for rotation plays.

OXY
Energy
Our proprietary model flags OXY as looks bullish with unusual institutional flow activity.
🔒 Full play details (strike, expiry, conviction) available to Founding Members
MPC
Energy
Our proprietary model flags MPC as looks bullish with unusual institutional flow activity.
🔒 Full play details (strike, expiry, conviction) available to Founding Members

The Bottom Line

Focus on those SPY and QQQ S1 supports today - hold 'em and we're setting up for a bounce. Energy's where the action is with that flow data. If we break bull triggers, it's game on; otherwise, sit tight and don't chase the dip too hard.

Unlock Full Access

Get daily Top 10 option plays with conviction scoring, flow breakdowns, and entry/exit levels.

Plus: Interactive dashboard, dark pool signals, and priority alerts.

Join as Founding Member — $39.99/mo

Disclaimer: This content is for informational and educational purposes only. It is NOT financial advice. Trading options involves significant risk of loss. Past performance does not guarantee future results. Always do your own research and consult a licensed financial advisor before making investment decisions.