Analysis · Pre-Market Intelligence

2026-07-15RTY

RTY's PPI reaction was the weakest of the three families (+0.15% vs ES/NQ's +0.2-0.3%), and session-long DEX/vanna have stayed negative the entire morning without crossing positive - a persistent bearish-leaning Greek signature distinct from SPX/NQ's more constructive builds, reinforcing the user's own excess-high/breakdown read while respecting genuine two-sided rotation risk within the newly-formed lower balance.

BEARISHNEGATIVEPending

2026-07-15NQ

PPI printed a market-friendly reaction that pushed NQ ~70-90pts through the dominant confluence pin (29929) before the open; today resolves on whether that breakout holds through the first 30 minutes of cash trading or gets reclaimed and rejected back into the pin/HG zone, with NDX-side data quality thinner than SPX's this session.

BULLISHNEGATIVEPending

2026-07-15ES

PPI printed a market-friendly reaction that pushed ES 15-19pts through the dominant 0DTE pin (7589) before the open; today resolves on whether that breakout holds through the first 30 minutes of cash trading or gets reclaimed and rejected back into the pin/charm-centroid zone.

BULLISHNEGATIVEPending

2026-07-14RTY

RTY flipped back to positive/dampening 0DTE gamma today (+$32.29M), the only positive-gamma instrument of the three families, with spot pinned essentially on top of the native 0DTE GN (RTY 2965.59) and the day's strongest confluence (RTY 2964.35); expect chop inside the pin through CPI, with RTY likely dampening rather than amplifying a directional CPI move relative to ES/NQ's negative-gamma books today.

NEUTRALPOSITIVEPending

2026-07-14NQ

NDX/NQ flipped to a thin/mild negative-gamma 0DTE book overnight (-$186.4M) with live spot sitting essentially inside the day's strongest GEX confluence (NQ 29609-29646); CPI prints within the hour, and NQ's vanna map (largest magnet above spot) and charm read (dominant centroid below spot) disagree on direction, arguing for a genuinely two-sided, event-driven session.

NEUTRALNEGATIVEPending

2026-07-14ES

SPX/ES flipped to a decisively negative-gamma 0DTE book overnight (-$6.99B) with live spot sitting essentially inside the day's strongest GEX confluence (ES 7554-7564); CPI prints within the hour, and the negative-gamma regime means a surprise in either direction has more room to extend than yesterday's positive-gamma session allowed.

NEUTRALNEGATIVEPending

2026-07-13RTY

RTY sits 17.75pts below a now-clean native 0DTE GN (RTY 3002.75) inside a freshly negative-gamma book (-$18.0M, a regime flip from Friday's balance); expect a test toward the 2994 resistance/antimagnet confluence with real rejection-or-acceleration risk given the negative-gamma regime, rotating toward the 2962-2964 support confluence if rejected.

NEUTRALNEGATIVEPending

2026-07-13NQ

NDX/NQ sits inside a tight, genuinely bracketing confluence pin (NQ 29762-29793); expect chop within or just outside that bracket toward 29629-29639 (dominant put wall/HG control line) below or 29886 (call wall) above unless a level breaks with volume ahead of tomorrow's CPI.

NEUTRALPOSITIVEPending

2026-07-13ES

SPX/ES sits 11.8pts below a multi-root 0DTE Gamma Neutral (ES 7610.82) inside a decisively positive-gamma book; expect range/fade behavior between the 7591 near-spot support and the 7620-7621 GEX/vanna confluence resistance unless one side breaks with volume ahead of tomorrow's CPI.

NEUTRALPOSITIVEPending

2026-07-10RTY

RTY's native 0DTE book is essentially gamma-neutral and spot sits on the book's largest destabilizing vanna force, while the largest stabilizing magnet in the whole book sits inside the chart's own unfinished-auction zone -- a data-corroborated setup for a shallow dip into that zone followed by a rotation back up, matching the operator's own read.

BULLISHNEUTRALPending

2026-07-10NQ

NDX/NQ flipped into positive 0DTE gamma today but remains well below its own multiday value area, with the thinnest-covered, least-corroborated greek read in this report; the higher-probability path is continued base-building/rotation between the dominant confluence and the thin resistance shelf above, not a clean trend leg.

NEUTRALPOSITIVEPending

2026-07-10ES

SPX/ES sits in a materially larger positive-gamma book than yesterday, testing the top of a clean multiday balance near its own largest 0DTE vanna magnet; absent a real catalyst, the higher-probability path is range/chop around the balance top rather than a confirmed breakout.

NEUTRALPOSITIVEPending

2026-07-10NQ

NDX/NQ flipped into positive 0DTE gamma today but remains well below its own multiday value area, with the thinnest-covered, least-corroborated greek read in this report; the higher-probability path is continued base-building/rotation between the dominant confluence and the thin resistance shelf above, not a clean trend leg.

NEUTRALPOSITIVEPending

2026-07-10ES

SPX/ES sits in a materially larger positive-gamma book than yesterday, testing the top of a clean multiday balance near its own largest 0DTE vanna magnet; absent a real catalyst, the higher-probability path is range/chop around the balance top rather than a confirmed breakout.

NEUTRALPOSITIVEPending

2026-07-09NQ

NDX's premarket resistance break carried through the open and flipped its own dealer book from negative to positive gamma in a clean step-change; positive gamma now dampens further momentum, and spot is locally bracketed by a real antimagnet/magnet pair, favoring consolidation over the continuation case flagged premarket.

NEUTRALPOSITIVEPending

2026-07-09ES

The open resolved this morning's asymmetry — SPX gamma built further positive and spot is now tightly bracketed by its own two largest 0DTE vanna magnets; positive gamma now dampens further momentum, favoring consolidation over continuation from here absent a new catalyst.

NEUTRALPOSITIVEPending

2026-07-09RTY

RTY's native and IWM-projected rails disagree on 0DTE gamma sign and both 0DTE Gamma Neutral reads are ambiguous (multiRoot), leaving no clean structural edge; price is consolidating in a smaller balance below the larger multiday value area after this week's breakdown, and today resolves either as continuation (through 2933/2901) or a reclaim back toward 3000 (through 2996/3013).

NEUTRALNEGATIVEPending

2026-07-09NQ

NDX is running negative/accelerant 0DTE gamma and spot has already pushed clear of its dominant pin zone after a violent two-day selloff/rally cycle; a confirmed break of the nearby 29712 resistance can extend in this book, but the vanna map currently brackets spot with real magnets, arguing for reaction over anticipation.

BULLISHNEGATIVEPending

2026-07-09ES

SPX/ES is pinned in positive/dampening 0DTE gamma almost exactly on its dominant multi-DTE cross-rail confluence, inside a genuine multiday value-area balance (chart-confirmed) — the setup favors range/rotation over trend continuation absent a volume-confirmed break.

NEUTRALPOSITIVEPending

2026-07-08RTY

RUT is in decisive negative/accelerant gamma with an unusually clean, well-corroborated ladder: STRONG support at RTY 2965 (largest vanna magnet) and a triple-confluence ceiling at RTY 3006 (cluster + largest antimagnet + charm centroid). No native-chain staleness today, unlike this morning's SPX/NDX read. Given the user's low-urgency framing and VIX settling near 17, this is a react-not-anticipate day within a tight, well-defended range.

NEUTRALNEGATIVEPending

2026-07-08NQ

NQ spot sits directly on the dominant 0DTE wall/cluster confluence (NQ ~28901-28907) with a wide, confirmed air pocket to the nearest real resistance (QQQ 6DTE call wall, NQ 29398, +413pts). The native NDXP chain is stale (frozen ~6.5hrs); QQQ-projected rails are primary. Spot sits in a vanna trough between two antimagnets -- a chop-risk pivot zone, not a clean directional setup, ahead of this afternoon's FOMC minutes.

STAND_ASIDENEGATIVEPending

2026-07-08ES

SPX/ES is in decisive negative/accelerant gamma with an aggregate -$5.63B 0DTE book and no confirmed support between spot and ES 7417; momentum is bearish and well-evidenced but the near-total absence of nearby structure argues for reactive rather than anticipatory positioning into the FOMC-minutes PM catalyst.

BEARISHNEGATIVEPending

2026-07-07RTY

RTY's gamma regime has flipped to positive/dampening by position (spot above the native 0DTE GN) though the aggregate book is still mildly negative; netVanna has been building steadily more destabilizing all session and both charm centroids plus the dominant cross-rail cluster sit below spot -- a rotation day with a real, converging case for a mild downside lean, consistent with the user's post-VAH-contact expectation.

NEUTRALTRANSITIONPending

2026-07-07NQ

NQ trades below its native 0DTE Gamma Neutral with a wide gap and a genuine air pocket between spot and the nearest real structure above (29750); the STRONG-tier cluster at 29625 is the book's highest-conviction level. Look-above-and-fail remains the better-evidenced path on NQ specifically, but react to a clean break rather than anticipate one.

STAND_ASIDENEGATIVEPending

2026-07-07ES

Both indices trade below their native 0DTE Gamma Neutral (negative/accelerant regime); SPX's whole 0DTE book (GN, walls, cluster) sits clustered 8-13pts above spot at ES 7585-7590, with the book's largest vanna reading (-8109.5) at ES 7550 below spot -- a genuinely two-sided setup, react to a break rather than anticipate one.

STAND_ASIDENEGATIVEPending

2026-07-06RTY

RTY is in negative gamma across the whole 0-7DTE curve with an immediate vanna antimagnet sitting right at live spot on two independent rails, and a magnet-then-antimagnet ceiling roughly 10-35pts above -- a structure that favors rotation/chop within the balance over a clean trend, matching the user's continued-rotation expectation.

NEUTRALNEGATIVEPending

2026-07-06NQ

NDX carries a materially cleaner continuation-higher vanna structure than SPX -- both meaningful magnets above spot (29976, 30058) have no opposing antimagnet, while every antimagnet of real magnitude sits below spot. If NDX pushes through this cluster while SPX stalls at its own 7550/ES7600 trap, the SPX/NDX split becomes the session's key signal.

NEUTRALPOSITIVEPending

2026-07-06ES

SPX sits in positive/dampening 0DTE gamma with its strongest vanna magnet at ES 7600 sitting just beyond the book's strongest antimagnet at ES 7550 -- a magnet-into-antimagnet trap that favors a touch-and-reject over a clean breakout, consistent with the look-above-and-fail lean.

BEARISHPOSITIVEPending

2026-07-02RTY

0DTE gamma is thin/transitional and 6DTE has already flipped negative; vanna is SHORT/destabilizing with no containment above live spot, and charm carries the family's most lopsided bearish skew (3:1) - the structure leans toward a dip/retest of the vanna magnet cluster before any further push at the highs, consistent with the user's own instinct even against a slightly bullish longer-term tilt.

NEUTRALPOSITIVEPending

2026-07-02NQ

Positive-but-thin 0DTE gamma with cleanly positive 6DTE gamma, and LONG/stabilizing (rising) vanna, but NDX's charm signal is the one confirmed bearish tell today - independently corroborated by pathOfLeastResistance, centroid mass split, and desktop session CEX all agreeing on a downward lean into the NFP print.

NEUTRALPOSITIVEPending

Pre-Market Intelligence & Research

Today · Cross-Asset

Archive

PPI printed a market-friendly reaction that pushed ES 15-19pts through the dominant 0DTE pin (7589) before the open; today resolves on whether that breakout holds through the first 30 minutes of cash trading or gets reclaimed and rejected back into the pin/charm-centroid zone.

NDX/NQ sits inside a tight, genuinely bracketing confluence pin (NQ 29762-29793); expect chop within or just outside that bracket toward 29629-29639 (dominant put wall/HG control line) below or 29886 (call wall) above unless a level breaks with volume ahead of tomorrow's CPI.

SPX/ES sits 11.8pts below a multi-root 0DTE Gamma Neutral (ES 7610.82) inside a decisively positive-gamma book; expect range/fade behavior between the 7591 near-spot support and the 7620-7621 GEX/vanna confluence resistance unless one side breaks with volume ahead of tomorrow's CPI.

SPX/ES sits in a materially larger positive-gamma book than yesterday, testing the top of a clean multiday balance near its own largest 0DTE vanna magnet; absent a real catalyst, the higher-probability path is range/chop around the balance top rather than a confirmed breakout.

SPX/ES sits in a materially larger positive-gamma book than yesterday, testing the top of a clean multiday balance near its own largest 0DTE vanna magnet; absent a real catalyst, the higher-probability path is range/chop around the balance top rather than a confirmed breakout.

The open resolved this morning's asymmetry — SPX gamma built further positive and spot is now tightly bracketed by its own two largest 0DTE vanna magnets; positive gamma now dampens further momentum, favoring consolidation over continuation from here absent a new catalyst.

SPX/ES is pinned in positive/dampening 0DTE gamma almost exactly on its dominant multi-DTE cross-rail confluence, inside a genuine multiday value-area balance (chart-confirmed) — the setup favors range/rotation over trend continuation absent a volume-confirmed break.

SPX sits in positive/dampening 0DTE gamma with its strongest vanna magnet at ES 7600 sitting just beyond the book's strongest antimagnet at ES 7550 -- a magnet-into-antimagnet trap that favors a touch-and-reject over a clean breakout, consistent with the look-above-and-fail lean.

Syndicated

Subscribe to dealer-flow research before the open.