AJG Trading Desk — Morning Brief

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

1

Watchlist Overview

Ticker	Price	Stage	Grade	Bias
SPY	$659.22	Markup	B+	Bullish
QQQ	$588.59	Markup	B+	Bullish
IWM	$252.91	Markup	B+	Bullish
ONDS	$9.53	Accumulation	B+	Bullish
USO	$138.08	Decline	B	Bearish
LWLG	$8.21	Accumulation	C	Neutral
SIDU	$3.79	Decline	C	Neutral
UMAC	$13.15	Decline	C	Neutral
LUNR	$22.73	Decline	F	Neutral

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

S

Market Sentiment Overview

Brian Shannon Framework — Broad Market

All three major indices (SPY, QQQ, IWM) are in confirmed Stage 3→4 distribution. Price is below declining EMAs, rallies are being sold, and VIX remains elevated. Regime: BEAR. Bias: favor short continuation, fade gap-ups, avoid breakout longs until weekly structure repairs.

SPY — Bearish Distribution / Stage 3→4

SPY broke its Stage 2 uptrend on heavy volume and is now in confirmed distribution. Price is below all key EMAs (21/50/200-day) and each rally is being sold into. Shannon framework: Stage 3 distribution transitioning to Stage 4 decline. Do NOT buy di

Charts not available — ticker not in today's watchlist scan

QQQ — Bearish Distribution / Stage 3→4

QQQ mirrors SPY but with higher beta — tech is leading the selloff. The weekly chart shows a clean break of the multi-month trendline with expanding volume on down weeks. Shannon: Stage 3 distribution with no reversal signal. Avoid longs until weekly

Charts not available — ticker not in today's watchlist scan

IWM — Weakest of the Three / Stage 4 Decline

Small caps have been in Stage 4 decline longer than SPY/QQQ — they led the breakdown and have not bounced. IWM is printing lower highs and lower lows on the weekly. Shannon: Confirmed Stage 4. This index is the risk-on barometer — its failure confirm

Charts not available — ticker not in today's watchlist scan

VIX — Elevated / Fear Regime

VIX is elevated and trending higher — each market bounce compresses VIX only temporarily before it spikes again. Elevated VIX means options are expensive: avoid buying premium. Shannon framework does not apply directly to VIX but structurally: rising

Charts not available — ticker not in today's watchlist scan

UVXY — Trending / Volatility Amplifier

UVXY is making higher lows as VIX stays elevated — this confirms sustained fear, not a single-day spike. Traders holding UVXY are being rewarded, which historically means the bear trend has more room. Watch for UVXY to roll over on a VIX compression

Charts not available — ticker not in today's watchlist scan

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

IWM

B+ bullish markup 85% conf Bullish only above 253.48 with

Daily

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30 Min

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5 Min

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Core Take

Trading Backend sees aligned timeframe structure with bullish bias. Support 249.52, resistance 253.48, invalidation 249.52. all tracked timeframes point the same way; control matches directional bias; bar bodies are decisive relative to range

Weekly Read

Weekly bar bullish: open 250.99, high 253.48, low 249.52, close 252.91. Last bar O=250.99 H=253.48 L=249.52 C=252.91 V=53926796.

Daily Read

Daily bar bullish: open 251.21, high 253.48, low 249.52, close 252.91. Last bar O=251.21 H=253.48 L=249.52 C=252.91 V=31775372.

30 Min Read

30-minute bar bullish: open 252.00, high 253.00, low 251.34, close 252.93. Last bar O=252 H=253 L=251.34 C=252.93 V=3493768.

5 Min Read

5-minute bar bullish: open 252.67, high 253.00, low 252.50, close 252.93. Last bar O=252.67 H=253 L=252.5 C=252.93 V=1273486.

Key Levels

Support	249.52
Resistance	253.48
Decision zone	249.52 to 253.48
Hard stop	249.52
T1 target	253.48
T2 target	253.48
Invalidation	249.52

⚠️ Psychology & Pass Conditions

Stay aggressive because regime is bull.

Lose 249.52 on a closing basis
Trading Backend health degrades or chart target disappears
Macro event risk invalidates pre-event execution

🟢

Action

Bullish only above 253.48 with stop under 249.52.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

QQQ

B+ bullish markup 85% conf Bullish only above 590.61 with

Daily

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30 Min

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5 Min

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⚡ Lance Doctrine

C Neutral Markup TF Partially Aligned EV Marginal NONE

Control: Buyers · Volume: Neutral · Posture: Tactical · Invalidation: $588.52

higher and lower timeframes are not fully synchronized; current price is not badly stretched inside the daily range

No clean directional edge yet; respect 584.69-590.61 until a break resolves it.

Core Take

Trading Backend sees aligned timeframe structure with bullish bias. Support 578.4001, resistance 590.61, invalidation 578.4001. all tracked timeframes point the same way; control matches directional bias; bar bodies are decisive relative to range

🌙 Extended Hours

Scanner last print change 0.39% vs prev close; backend artifact itself does not expose a separate pre/post-market candle.

Weekly Read

Weekly bar bullish: open 586.23, high 590.61, low 578.40, close 588.59. Last bar O=586.23 H=590.61 L=578.4001 C=588.59 V=78889781.

Daily Read

Daily bar bullish: open 585.64, high 588.98, low 578.40, close 588.59. Last bar O=585.64 H=588.98 L=578.4001 C=588.59 V=43781425.

30 Min Read

30-minute bar bullish: open 584.96, high 588.98, low 584.42, close 588.69. Last bar O=584.96 H=588.98 L=584.42 C=588.69 V=4905958.

5 Min Read

5-minute bar bullish: open 587.57, high 588.98, low 587.57, close 588.69. Last bar O=587.57 H=588.98 L=587.57 C=588.69 V=1456226.

Key Levels

Support	578.4001
Resistance	590.61
Decision zone	578.4001 to 590.61
Hard stop	578.4001
T1 target	590.61
T2 target	590.61
Invalidation	578.4001

⚠️ Psychology & Pass Conditions

Stay aggressive because regime is bull.

Lose 578.4001 on a closing basis
Trading Backend health degrades or chart target disappears
Macro event risk invalidates pre-event execution

🟢

Action

Bullish only above 590.61 with stop under 578.40.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

SPY

B+ bullish markup 85% conf Bullish only above 659.72 with

Daily

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30 Min

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5 Min

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⚡ Lance Doctrine

F Neutral Markup TF Conflicting EV Negative NONE

Control: Mixed · Volume: Neutral · Posture: Avoid

timeframes are in conflict; current price is not badly stretched inside the daily range

No clean directional edge yet; respect 0.00-0.00 until a break resolves it.

Core Take

Trading Backend sees aligned timeframe structure with bullish bias. Support 651.06, resistance 659.72, invalidation 651.06. all tracked timeframes point the same way; control matches directional bias; bar bodies are decisive relative to range

🌙 Extended Hours

Scanner last print change 0% vs prev close; backend artifact itself does not expose a separate pre/post-market candle.

Weekly Read

Weekly bar bullish: open 655.86, high 659.72, low 651.06, close 659.22. Last bar O=655.86 H=659.72 L=651.06 C=659.22 V=99982340.

Daily Read

Daily bar bullish: open 656.65, high 659.61, low 651.06, close 659.22. Last bar O=656.65 H=659.61 L=651.06 C=659.22 V=60878958.

30 Min Read

30-minute bar bullish: open 656.65, high 659.61, low 655.89, close 659.27. Last bar O=656.65 H=659.61 L=655.89 C=659.27 V=9406678.

5 Min Read

5-minute bar bullish: open 658.42, high 659.61, low 658.36, close 659.27. Last bar O=658.42 H=659.61 L=658.36 C=659.27 V=3082746.

Key Levels

Support	651.06
Resistance	659.72
Decision zone	651.06 to 659.72
Hard stop	651.06
T1 target	659.72
T2 target	659.72
Invalidation	651.06

⚠️ Psychology & Pass Conditions

Stay aggressive because regime is bull.

Lose 651.06 on a closing basis
Trading Backend health degrades or chart target disappears
Macro event risk invalidates pre-event execution

🟢

Action

Bullish only above 659.72 with stop under 651.06.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

ONDS

B+ bullish accumulation 80% conf Bullish only above 9.90 with s

Daily

Chart unavailable

30 Min

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5 Min

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Core Take

Trading Backend sees partially_aligned timeframe structure with bullish bias. Support 9.192, resistance 9.9, invalidation 9.192. higher and lower timeframes are not fully synchronized; control matches directional bias; intraday direction confirms daily move

Weekly Read

Weekly bar bearish: open 9.63, high 9.90, low 9.19, close 9.53. Last bar O=9.63 H=9.9 L=9.192 C=9.53 V=88939413.

Daily Read

Daily bar bullish: open 9.43, high 9.69, low 9.19, close 9.53. Last bar O=9.43 H=9.69 L=9.192 C=9.53 V=43547172.

30 Min Read

30-minute bar bullish: open 9.40, high 9.56, low 9.34, close 9.55. Last bar O=9.405 H=9.56 L=9.34 C=9.55 V=4874035.

5 Min Read

5-minute bar bullish: open 9.47, high 9.56, low 9.47, close 9.55. Last bar O=9.47 H=9.56 L=9.47 C=9.55 V=2329744.

Key Levels

Support	9.192
Resistance	9.9
Decision zone	9.192 to 9.9
Hard stop	9.192
T1 target	9.9
T2 target	9.9
Invalidation	9.192

⚠️ Psychology & Pass Conditions

Stay aggressive because regime is bull.

Lose 9.192 on a closing basis
Trading Backend health degrades or chart target disappears
Macro event risk invalidates pre-event execution

🟢

Action

Bullish only above 9.90 with stop under 9.19.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

USO

B bearish decline 77% conf Bearish below 130.00 with stop

Daily

Chart unavailable

30 Min

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5 Min

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Core Take

Trading Backend sees aligned timeframe structure with bearish bias. Support 130.0, resistance 143.98, invalidation 143.98. all tracked timeframes point the same way; control matches directional bias; price is poorly positioned relative to the current range

Weekly Read

Weekly bar bearish: open 138.50, high 143.98, low 130.00, close 138.08. Last bar O=138.505 H=143.98 L=130 C=138.08 V=69825082.

Daily Read

Daily bar bearish: open 141.33, high 143.98, low 130.00, close 138.08. Last bar O=141.33 H=143.98 L=130 C=138.08 V=41516824.

30 Min Read

30-minute bar bearish: open 139.46, high 140.13, low 130.00, close 138.09. Last bar O=139.46 H=140.13 L=130 C=138.0899 V=6039429.

5 Min Read

5-minute bar bearish: open 138.09, high 138.45, low 137.77, close 138.09. Last bar O=138.09 H=138.45 L=137.77 C=138.0899 V=745670.

Key Levels

Support	130.0
Resistance	143.98
Decision zone	130.0 to 143.98
Hard stop	143.98
T1 target	130.0
T2 target	130.0
Invalidation	143.98

⚠️ Psychology & Pass Conditions

Stay aggressive because regime is bull.

Reclaim 143.98 on a closing basis
Trading Backend health degrades or chart target disappears
Macro event risk invalidates pre-event execution

🔴

Action

Bearish below 130.00 with stop back above 143.98.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

X

Market Pulse — X

Scanner Feed (16 posts from 4 accounts)

@381696140 (245❤ 40↺): Advisor to Iran's Parliament Speaker Ghalibaf: Trump has about 20 hours to either surrender to Iran, or his allies will return to the Palaeolithic Age. We will not back down.

@381696140 (194❤ 11↺): VP Vance is on standby in Iran talks - Politico

@381696140 (127❤ 14↺): Iran's Top Joint Military Command: Trump's threats are delusional.

@381696140 (88❤ 19↺): Israeli military: We completed airstrike wave aiming to damage Iranian terror regime infrastructure in Tehran and additional areas across Iran

@381696140 (75❤ 18↺): IDF: Top general approved Iran operations for the coming three weeks.

@381696140 (83❤ 11↺): Iran's Top Joint Military Command: Trump's threats will not make up for US humiliation and disgrace in the Middle East. https://t.co/8w4qP37ft6

@381696140 (78❤ 3↺): What do you think the odds for a US-Iran deal are? Only use gifs

@381696140 (50❤ 10↺): Amazon's deal with the postal service is expected to result in the retailer using USPS for more than 1 billion annual package deliveries. or 80% of existing business - Source $AMZN https://t.co/Dox9dU

Closing Notes

SPY$659.72

Resistance / Breakout Trigger

SPY$651.06

Hard Stop / Invalidation

QQQ$590.61

Resistance / Breakout Trigger

ONDS$9.90

Resistance / Breakout Trigger

ONDS$9.192

Hard Stop / Invalidation

IWM$253.48

Resistance / Breakout Trigger

USO$130.00

Support / Short Trigger

QQQ$578.40

Hard Stop / Invalidation

1. Extension Risk — SPY, QQQ, IWM All Flagged "Extended"

All three index proxies are flagged as extended in position. The easy money on the initial markup leg is likely already captured. Chasing into the middle of the range on any of these is a low-quality trade. The only valid entries are clean breakouts above resistance ($659.72 / $590.61 / $253.48) or controlled pullbacks to defined support. Do not buy extended. 2. Regime Conflict — USO Short in a 4/4 Bull Regime The regime explicitly lists "short_continuation" as an avoid setup today. USO is classified as Short Continuation. This is a direct conflict. The setup has structural merit (aligned bearish across all timeframes), but the regime headwind is real. If you trade USO short, size it at 50% of normal or less, and only on a confirmed break of $130.00. Do not pre-position. 3. Conflicting Signals — LUNR, LWLG, SIDU, UMAC Four names on the watchlist are graded C or F with neutral bias and conflicting or partially aligned timeframes. These are not setups — they are situations. LUNR is an F-grade with conflicting timeframes and a bearish weekly bar. UMAC has sellers in control with diverging volume. SIDU has mixed control with diverging volume. LWLG has sellers in control despite a bullish daily. None of these meet the bar for execution in a 4/4 bull regime where better setups exist. The opportunity cost of trading these over SPY/QQQ/ONDS/IWM is high. 4. Simultaneous Breakout Failure Risk If SPY, QQQ, and IWM all attempt breakouts simultaneously and fail — reversing back into their ranges — that is a bull trap signal. A failed breakout at all three resistance levels on the same day would be a meaningful warning that the regime is losing momentum. Have a plan for this scenario before the open. 5. Volume Neutrality on Index Plays SPY, QQQ, and IWM all show neutral volume. Only ONDS shows confirming volume. Neutral volume on breakout attempts is a yellow flag — breakouts on light volume are more likely to fail. Watch for volume expansion on any breakout attempt above the resistance levels. ---

10

📋 Game Plan

Priority 1 — Watch SPY $659.72 at the Open This is the regime anchor and the first trigger to resolve. If SPY breaks $659.72 with expanding volume in the first 30 minutes, that is the green light for the long-side book. If it stalls or reverses, hold back and reassess.

Priority 2 — ONDS $9.90 Breakout is the Best Individual Stock Trade Today ONDS has confirming volume, bullish daily and intraday structure, and a clean breakout level at $9.90. Set an alert at $9.85. On a break above $9.90 with volume, enter with a hard stop at $9.192. This is the highest-conviction individual name on the board. Size it accordingly — at 4/4 aggression, this warrants full position sizing on a confirmed break.

Priority 3 — IWM $253.48 is 57 Cents Away — Watch for Simultaneous Break IWM is the closest to its trigger. If IWM breaks $253.48 at the same time SPY breaks $659.72, that is the simultaneous index confirmation signal. Maximum conviction. If IWM breaks first but SPY lags, treat it as a partial signal only.

Priority 4 — Do Not Trade LUNR, LWLG, SIDU, or UMAC Today All four are graded C or F with neutral bias, conflicting timeframes, or diverging volume. None meet the execution bar in a regime where B+ setups exist. Watching these is fine. Trading them is paying tuition.

Priority 5 — USO Short: Only on $130.00 Break, Half Size If USO breaks $130.00 with follow-through, it is a valid short continuation setup. But the regime is explicitly bearish on short continuation plays today. If you trade it, cap size at 50% of normal. Hard stop at $143.98. Do not pre-position above $130.00.

Priority 6 — If the Breakout Fails: Respect the Stops, Don't Rationalize If SPY attempts $659.72 and reverses hard back below $655, that is a failed breakout. Do not hold and hope. The invalidation levels are clear: SPY $651.06, QQQ $578.40, IWM $249.52, ONDS $9.192. A close below any of these ends the thesis for that name. Exit, reassess, and wait for the next clean setup. The regime is bull until it isn't — and the stops tell you when it isn't.

Priority 7 — Position Sizing: Aggression Level 4/4 Means Full Size on Confirmed Setups The regime authorizes maximum aggression on confirmed setups. "Confirmed" means the trigger level has been broken with volume. Before the trigger, size is zero. After the trigger, size is full. This is not a day for half-measures on quality setups — but it is also not a day for full size on unconfirmed or second-tier names.

---

*Report produced by AJG Trading Desk | Chief Market Strategist | Tuesday, April 07, 2026 | Pre-Market Edition* *All levels sourced from Tier 2 KB-injected deep analysis. Do not genericize. Do not chase. Wait for the trigger.*

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

A

Methodology

1 Pipeline Architecture

This report is produced by an automated multi-stage analytical pipeline. No human discretion is applied during generation — the system follows a deterministic, rule-based process.

Scanner→ Trading Backend→ Backend-Native Analysis→ Synthesizer→ PDF Renderer

Scanner — Pulls the active focus watchlist and retrieves current market data.
Trading Backend — Reads live TradingView Desktop state over CDP and writes structured multi-timeframe artifacts.
Backend-Native Analysis — Derives doctrine/tier analysis JSON directly from Trading Backend OHLCV/timeframe state.
Synthesizer — Aggregates all analyses plus broad sentiment into a unified regime classification and report.

2 Shannon Grading System

Each ticker receives a composite grade (A+ through F) reflecting setup quality — not directional prediction. Factors: stage identification, timeframe alignment, trend quality, volume pattern, key level positioning, and risk clarity.

Grade	Criteria	Position Sizing
A+ / A	All factors aligned, clean structure, strong volume	Full / near-full position
B+ / B	Good structure, most factors aligned, minor concerns	Standard / reduced position
C	Mixed signals, partial alignment, choppy structure	Watchlist — selective entries only
F	No setup, opposing timeframes, broken structure	No trade — avoid

3 Featured Selection & Regime

All tickers graded B- or better receive full chart review. All tickers appear in the watchlist table. Regime classification (Bull/Bear/Transitional) is determined by breadth, index structure, volatility regime, sector rotation, and cross-asset signals.

This report features 5 tickers: IWM, QQQ, SPY, ONDS, USO.

AJG Trading Desk — Morning Brief Tuesday, April 07, 2026

4 Technical Stack

Analyst Model: N/A
Tickers Analyzed: 14
Avg Confidence: 71%
Synthesizer: Claude Sonnet 4.6
Charts: TradingView (extended hours), Playwright 1920×1200
PDF: Playwright page.pdf(), Letter format

Frameworks matched:

Mean Reversion
NONE
Short Continuation
Trend Continuation

⚠ Disclaimer: This report is generated by an automated system for internal desk use only. It does not constitute financial advice or a solicitation of any kind. All analysis is based on historical price action and technical chart patterns — past performance does not predict future results. Grades reflect setup quality, not guaranteed outcomes. Always apply independent risk management. Trade at your own risk.