Chop day in SPX following the trend day yesterday. It attempted to rally towards the end of the day but got slammed back down. Just doesn’t feel like buyers are stepping in when they have the chance to. These are the days to be less active with options and to save the mental and physical capital for clean great trades. 
XLF staying mostly weak, rates are still up, and Powell is saying higher for longer which is now the baseline assumption with people only counting on one rate cut this year.
VIX is the one area that can cause a short term rally but only if it melts and doesn’t get bought back up. The Middle East headlines will determine that in a big way.
TSLA is staying very weak and is on watch for downside.
SMCI feels like news or a split is coming soon and it’s anticipating that with strength. NVDA similar situation.
Tomorrow is vixexpiration so usually there is a rally early on in the day as vix melts and then a pull back later in the day but we could be in a different set of circumstances right now with headline risk. If rates are up and the market starts to get weak then IWM can be a go to for me for puts.
Thank you Chris
folks speculating that SMCI could pre-announce earnings as they did in Jan on 1/19 but that typically happens more in that cycle vs this Q1 reporting cycle