Weekend Market and Flyagonal Update

Video description: # 📊 Weekend Market Update — March 15, 2026 ## 🔻 Market Recap: Selloff Continues The downtrend is intact. SPX is making lower highs and lower lows. Last week I flagged the 6,500–6,550 zone as a potential support area — and that range is still in play heading into next week. A few things stood out: **SPX** — Down-day volume was slightly elevated but nothing like the panic volume we saw in prior selloffs. That's notable. It tells us this isn't capitulation — not yet, anyway. **SPY** — More elevated volume here. SPY skews retail, so that tracks. The professional side (SPX and /ES futures) is a bit calmer. **S&P Futures (/ES)** — Similar support zone around 6,500. Worth noting: futures printed a lower low that didn't show on SPX because it happened outside regular trading hours. **VIX** — Spiked hard earlier, then settled back near 29 by Friday's close. This is the number to watch next week. If the market stabilizes, VIX should fade. If we get more geopolitical noise or a hawkish Fed surprise, we're right back in the 30s. **QQQ** — Selling off into a similar zone. Could dip to 584. But the up-day volume in the Qs is stronger than SPX, and the volatility (VXN) didn't exceed its prior highs the way VIX did. That's a relative strength signal. **IWM (Russell 2000)** — Short-term downtrend, but the bigger picture trend is still up. Hasn't broken its key low. The concern: IWM volatility broke to new highs and stayed elevated through Friday. **GLD** — Holding in a wedge/flag pattern near highs. If it pulls back to ~430, that's where I'd look at a bullish entry. Until then, watching and waiting. ## 📅 What to Watch This Week - **Wednesday: Fed Rate Decision** — the big event. Market reaction will set the tone. - **VIX at 29** — stabilization or re-escalation? - **SPX 6,500–6,550** — key support zone under pressure. - **Geopolitical headlines** — still the wildcard.