NQPOSITIVE
NQ 32 pts below 0DTE call wall/HVL convergence (NQ 30302/NDX 30230); multi-DTE resistance cluster with 7DTE call wall NQ 30272 at current price; break above NQ 30302 on RTH open targets 2DTE call wall NQ 30572 (NDX 30500); rising short vanna (2.7x avg, RISING) and AveR compression confirm momentum setup.
NQ 32 pts below multi-DTE call wall convergence (0DTE call wall = HVL at NQ 30302; 7DTE call wall at NQ 30272). Rising short vanna (2.7x avg, RISING trend) amplifies directional move through this level. Break above NQ 30302 targets 2DTE call wall NQ 30572. AveR compression (2089-1342) and CVD turning positive support breakout. Fail = consolidation or pullback to 30011-30072. Core PCE tomorrow - reduce overnight exposure.
Level Map
Confluence-ranked · distances from spot 30198.00Level Reaction
Intraday tape · NQ · 2026-05-27Greek Pressure
Dealer directional forces · next sessionPOSITIVE gamma ALL confirmed DTEs (0/2/7). 0DTE and 2DTE near-parity (5.47M vs 5.23M) - no single dominant frame. 0DTE HVL = call wall convergence at NQ 30302. NDX OI (8,765) far smaller than SPX (299,360) - gamma dampening weaker, momentum continuation more likely. 2DTE dominant GEX cluster NQ 29672 = structural floor far below.
SHORT VANNA DESTABILIZING. VHI -24,241 vs avg -9,118 = 2.7x historical average. Trend RISING (increasing destabilizing pressure into the session - opposite of ES). Vanna magnets: NDX 29956-29896 short/destabilizing below spot; NDX 30046-30107 long/stabilizing (magnetic attractor above current price toward call wall). Rising VHI = momentum amplification building.
Net charm -361.6T. Path of least resistance DOWNWARD. Heaviest charm at NDX 29090-29150 (6T combined, 3% below spot - put wall zone). Upside charm at NDX 30230 (789B) relatively light. NDX charm gravity far below current price - today's momentum can sustain most of session before charm becomes material. Color +177 accelerates pin at EOD.
Positive color: gamma increases with time decay. 0DTE expiry day - late-session pinning dynamics. EOD pin attractor at NQ 30302 (0DTE call wall = HVL). Less pronounced than ES but still present.
Negative speed: gamma slightly falls as price rises. Very small magnitude - negligible dampening. NQ gamma structure remains positive and supports continuation.
POSITIVE vomma (+599): vega INCREASES as IV rises - NQ becomes MORE vol-sensitive in spike scenario (opposite of SPX negative vomma -4,103). VIX expiry today suppresses VIX - NDX positive vomma means vol suppression benefits NQ more directly. Key cross-asset distinction.
Positive zomma: gamma increases with IV. GEX-vol positive feedback loop. Smaller absolute value vs ES (4.06 vs 607) but directionally aligned. Reinforces bull scenario if vol and price move together.
Higher-Order
Second + third-order greeksPositive color on 0DTE expiry day. Gamma accelerates into close. EOD pin at NQ 30302.
Negative speed - minimal gamma dampening. Effectively negligible for NQ.
POSITIVE vomma - NQ becomes MORE vol-sensitive as IV rises. VIX expiry suppression = net bullish for NQ via vol-flow. Key distinction from SPX (negative vomma).
GEX increases with vol. ARMED - vol feedback loop positive. Smaller magnitude than ES but aligned.
IV Intelligence
Quadrant · skew · term structureCross-Asset Confirmation / Component Confluence
CONFIRMING · COMPLETENative futures levels stay primary. Use ETF conversions as corroboration and component zones as provisional structure only, especially when the overlay is partial or quality flags are present.
Native Levels Confirmed
4 matched levelsNQ 30270 (NDX 30198) current pre-market opening zone is secondarily confirmed by QQQ ratio level near 30258.39 and 9-stock zone 30217.80-30288.31.
NQ 30272 (NDX 30200) 7DTE CALL WALL - adds to resistance cluster is secondarily confirmed by QQQ ratio level near 30258.39 and 9-stock zone 30217.80-30288.31.
NQ 30450 (NDX 30378) mid-range resistance is secondarily confirmed by QQQ ratio level near 30465.64 and 2-stock zone 30491.51-30536.91.
NQ 29221 (NDX 29149) 2DTE gamma flip - deep breakdown is secondarily confirmed by QQQ ratio level near 29222.15.
ETF Confirmation Levels
QQQ ratio-convertedQQQ ratio-converted CALL_WALL at 30258.39 (DTE 0). Secondary confirmation only.
QQQ ratio-converted PUT_WALL at 24248.17 (DTE 0). Secondary confirmation only.
QQQ ratio-converted PUT_SUPPORT at 24248.17 (DTE 0). Secondary confirmation only.
QQQ ratio-converted PUT_FLOOR at 24248.17 (DTE 0). Secondary confirmation only.
Component Confluence Zones
Provisional only3-stock put-support confluence cluster centered 29963.25. Provisional component estimate, not a native executable level.
9-stock put-support confluence cluster centered 30249.87. Provisional component estimate, not a native executable level.
11-stock call-side confluence cluster centered 30290.05. Provisional component estimate, not a native executable level.
10-stock call-side confluence cluster centered 30272.69. Provisional component estimate, not a native executable level.
Cautions
Quality-aware language- Component zones rely on static/proxy weights rather than holdings-confirmed weights and stay secondary to native futures levels.
- At least one component projection defaulted beta to 1.0, so component-zone placement is approximate.
- Source coverage was degraded by quote gaps or pagination truncation, so missing confirmations are not a signal by themselves.
- One or more component zones were built from a small contributor set and should be treated as provisional only.
- MCP-native individual stock Greek scans are unavailable. If component zones are attached, they come from the system-level Polygon overlay path and remain secondary/provisional to native index and MCP levels.
Overlay Diagnostics
Runtime 43s- LIGHTER_SELECTION_PATH: using static seed order for this overlay run to avoid a duplicate liquidity pre-scan before component resolution.
- ETF_SOURCE: contracts:PAGINATION_REQUIRED
- ETF_SOURCE: contracts:PAGINATION_TRUNCATED
- COMPONENT_SOURCE: Selected universe uses STATIC_SEED_FALLBACK and HOLDINGS_STALE until issuer/provider holdings adapters exist.
- COMPONENT_SOURCE: Using static seed order for this run to avoid a duplicate liquidity pre-scan before component source resolution.
LBF Status
Look-Below-And-Fail · conditions armedAccuracy Log
Outcomes · last 2 levels scored| Date | Symbol | Level | Predicted | Outcome | Notes |
|---|---|---|---|---|---|
| 2026-04-20 | NQ | DOMINANT ANCHOR@ 26831.00 | FADE_AT | HELD | High print was 26827.00, four points shy of the 26831 anchor. The ceiling held and the contract closed back below at 26774.50. |
| 2026-04-20 | NQ | PUT FLOOR@ 26689.00 | BUY_ON_TEST | ABSORBED | NQ broke below first support to 26593.75, but the move did not extend to 26499 structural support. The contract recovered and closed 26774.50, so the downside strike occurred but was ultimately absorbed. |