Markets kept bleeding today. Warsh tried to calm everyone down this morning but nobody's buying it.

$SPX futures cracked the orange trendline. Not confirmed yet — I wait for that before I react — but setup's pointing to $7628 test.

$NQ down 2.4%. AI capex fear and no ROI narrative spreading. Not dot-com 2.0 but rhymes enough. $28800 next likely stop.

Doing deeper work tonight. Update coming later or over the weekend.