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OpenGammaIntelligence · Pre-Market
Edition · Tuesday, July 7, 2026·Archived · 9d ago · historical·07 Jul 2026 11:19 UTC

NQNEGATIVE

Spot29643.00SessionREGULAR
Dealer Regime
NEG_GAMMA_BELOW_GN_AIRPOCKET
NetGEX -$1.6KRisk ELEVATED
Opening Type
OPEN TEST DRIVE
Conf 50%
Share Card
Accuracy Ledger2 logged · 2 scored50% hit rateFull ledger ↓
Desk Thesis · 2026-07-07

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.

Spot trades ~78pts below the native 0DTE Gamma Neutral (negative/accelerant gamma, wider gap than ES) with a genuine air pocket between spot and the nearest real level above (NQ 29750, a -7844.4 structural antimagnet + 2DTE call wall); the STRONG-tier cluster at NQ 29625 is the highest-conviction level in the book. React to a clean break of 29625/29750 rather than anticipating one.

Level Map

Confluence-ranked · distances from spot 29643.00
NQ
NDX
Level
Action · Distance
30048.07
VANNA MAGNETStructural vanna magnet cluster (strongest overall)
WATCH+1.37% · conf 2
29750.40
VANNA ANTIMAGNETStructural vanna antimagnet + 2DTE call wall
WATCH+0.36% · conf 3
29720.85
GAMMA FLIPNative NDXP 0DTE Gamma Neutral
WATCH+0.26% · conf 3
SPOT
NQ29643.00
NDX29643.00
live anchor
29626.00
DOMINANT ANCHORSTRONG-tier put cluster
WATCH-0.06% · conf 3
29549.10
PUT FLOORQQQ-projected 0DTE put wall + antimagnet confluence
WATCH-0.32% · conf 3
28610.19
STRUCTURAL FLOORStock GEX 7DTE (constituent aggregate)
WATCH-3.48% · conf 1

Level Reaction

Intraday tape · NQ · 2026-07-07
Loading session tape…

Greek Pressure

Dealer directional forces · next session
VANNA
UP · 15

netVanna small, only just turned positive in the last poll after reading negative most of the session; the largest real vanna reading in the book is a -7844.4 structural antimagnet at NQ 29750, directly overhead.

CHARM
UP · 20

netCharmDaily small and flat all session (12,200-12,822 range); the largest charm concentration is the QQQ-projected centroid (-1.32M) sitting almost on top of spot.

GAMMA
DOWN · 85

netGexTotal -$1.63B, put-dominant; spot trades ~77.8pts below the native 0DTE Gamma Neutral -- negative/accelerant regime, wider gap and thinner book than SPX.

COLOR
DOWN · 10

netColorDaily small negative, drifting from -23.4 at session open.

VOMMA
UP · 25

netVomma positive but book is thin (760 contracts, 1 expiration) -- treat as a coarse reading.

ZOMMA
DOWN · 10

zommaAtGn0 near-zero, thin-book reading.

SPEED
NEUTRAL · 5

speedAtGn0 flat, no material speed signal today.

Higher-Order

Second + third-order greeks
color
LATENT
-287.100

—

speed
LATENT
0.000

—

vomma
LATENT
14620187.500

—

zomma
LATENT
-0.012

—

IV Intelligence

Quadrant · skew · term structure
Regime Quadrant
Not captured
ATM IVUnavailable
IV Percentile50
Skew Pctile50
Skew ShapeNORMAL
Expected Daily MoveNot captured
Term Structure
Not captured
Term structure not captured for this sessionExpected: ivRegime.termStructure as array of IV fractions per tenor (front/mid/back).

Cross-Asset Confirmation / Component Confluence

CONFIRMING · COMPLETE
4 native levels received secondary cross-asset confirmation. Strongest alignment sits around 29626.00 via component confluence zones.

Native 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.

Secondary confirmation only. Native index and MCP levels remain primary. MCP-native individual stock Greek scans are unavailable; if component confluence is attached it was produced by the system-level Polygon overlay path and remains opt-in, secondary, and provisional rather than an executable native futures level. Component weights are static/proxy unless explicitly holdings-confirmed, beta may be defaulted to 1.0, and TOP_10 lists should not be treated as quantitatively ranked until liquidity plus holdings/beta calibration are implemented.

Native Levels Confirmed

4 matched levels
DOMINANT ANCHOR
18 conf
29626.00
STRONG-tier put cluster

STRONG-tier put cluster is secondarily confirmed by 9-stock zone 29604.19-29654.71.

COMP 2
GAMMA FLIP
18 conf
29720.85
Native NDXP 0DTE Gamma Neutral

Native NDXP 0DTE Gamma Neutral is secondarily confirmed by 13-stock zone 29605.92-29688.15.

COMP 2
PUT FLOOR
17 conf
29549.10
QQQ-projected 0DTE put wall + antimagnet confluence

QQQ-projected 0DTE put wall + antimagnet confluence is secondarily confirmed by 9-stock zone 29543.93-29641.71.

COMP 2
VANNA ANTIMAGNET
6 conf
29750.40
Structural vanna antimagnet + 2DTE call wall

Structural vanna antimagnet + 2DTE call wall is secondarily confirmed by 2-stock zone 29724.17-29768.63.

COMP 1

ETF Confirmation Levels

QQQ ratio-converted
QQQ
0.85
29937.45
CALL_WALL · DTE 0

QQQ ratio-converted CALL_WALL at 29937.45 (DTE 0). Secondary confirmation only.

QQQ
0.85
20505.11
PUT_WALL · DTE 0

QQQ ratio-converted PUT_WALL at 20505.11 (DTE 0). Secondary confirmation only.

QQQ
0.85
20505.11
PUT_SUPPORT · DTE 0

QQQ ratio-converted PUT_SUPPORT at 20505.11 (DTE 0). Secondary confirmation only.

QQQ
0.85
20505.11
PUT_FLOOR · DTE 0

QQQ ratio-converted PUT_FLOOR at 20505.11 (DTE 0). Secondary confirmation only.

Component Confluence Zones

Provisional only
PUT_SUPPORT
0.42
29320.51 - 29364.97
center 29342.74 · 3 names · DTE 3

3-stock put-support confluence cluster centered 29342.74. Provisional component estimate, not a native executable level.

PUT_SUPPORT
0.40
29604.19 - 29654.71
center 29630.04 · 9 names · DTE 3

9-stock put-support confluence cluster centered 29630.04. Provisional component estimate, not a native executable level.

CALL_WALL
0.40
29605.92 - 29688.15
center 29649.22 · 13 names · DTE 6

13-stock call-side confluence cluster centered 29649.22. Provisional component estimate, not a native executable level.

CALL_WALL
0.39
29604.19 - 29683.34
center 29646.17 · 13 names · DTE 3

13-stock call-side confluence cluster centered 29646.17. 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 49s
  • 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 armed
0
NOT ARMED · 0/3 conditions
0
Tension Index

Accuracy Log

Outcomes · last 2 levels scored
DateSymbolLevelPredictedOutcomeNotes
2026-04-20NQDOMINANT ANCHOR@ 26831.00FADE_ATHELDHigh print was 26827.00, four points shy of the 26831 anchor. The ceiling held and the contract closed back below at 26774.50.
2026-04-20NQPUT FLOOR@ 26689.00BUY_ON_TESTABSORBEDNQ 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.
Total Logged2
Scored2
Hit Rate50%
Best Level Type—

Archive

Recent editions
2026-07-16 · NQ
The NDXP native chain unfroze right at the cash open and immediately showed a flip to deep negative 0DTE gamma coincident with a sharp open-drive selloff (29645.25 to 29264.25); price is now testing the qqqProjected 0DTE call wall / STRONG cluster confluence (29376-29415) from below after a fresh, unconfirmed bounce off the session low. Negative gamma amplifies the next move rather than dampening it - the real downside magnet if the bounce fails is the 1DTE put-wall/cluster confluence at 28965-28971.
OPEN DRIVE DN
NEUTRALNEGATIVE—
2026-07-16 · ES
SPX flipped from thin-balanced to deeply negative 0DTE gamma at the open, driving a sharp selloff (7615.5 to 7575.5); price is now sitting almost exactly on the day's largest OI concentration (0DTE put wall 7582.30, call wall 7587.30 just above), with a fresh but unconfirmed 2-minute bounce off the session low. Negative gamma amplifies rather than dampens the next move - a reversion case exists but requires genuine acceptance above the wall pair, not just a touch.
OPEN DRIVE DN
NEUTRALNEGATIVE—
2026-07-16 · RTY
RUT native and IWM 0DTE Gamma Neutral converge on the same level (two-rail agreement) sitting ~11-12pts above spot on a thin put-skewed gross book, immediately after yesterday's swept-Friday's-high excess and today's continuation into a lower balance with VPOC shifted down; today's session high already capped almost exactly at a real Greek-derived level (IWM antimagnet), so this reads as balance-building/rotation risk rather than a confirmed breakdown unless 2968.50 fails with genuine acceptance.
OPEN TEST DRIVE
NEUTRALNEGATIVE—
2026-07-16 · NQ
The NDXP native chain is frozen since 10:31 UTC, so today's native NQ Greek map is background structure, not a live trigger; live order flow shows genuine two-sided chop with a session low (29361) that corroborates the recomputed native 0DTE put wall (29356) within 5pts, and a deeper operator-flagged swing-low/VPOC confluence (29304/29290) is the session's highest-quality setup if swept and reclaimed with acceptance rather than a mere touch - consistent with a range-bound day-before-OPEX read led by the live SPX chain.
OPEN TEST DRIVE
NEUTRALPOSITIVE—
2026-07-16 · ES
SPX 0DTE gamma is thin-negative on a huge balanced gross book (fragile pin, not thick pin), with the STRONG 4-rail cluster (7603.77) having already capped this morning's rally almost exactly at the session high (7615.5); day-before-monthly-OPEX dynamics plus a negative-gamma VIX front monthly favor continued two-sided chop inside the 7563-7604 bracket over a clean trend, with acceptance (not a touch) required at either boundary before trusting continuation.
OPEN TEST DRIVE
NEUTRALNEGATIVE—
2026-07-15 · RTY
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.
OPEN TEST DRIVE
BEARISHNEGATIVE—
2026-07-15 · NQ
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.
OPEN TEST DRIVE
BULLISHNEGATIVE—
2026-07-15 · ES
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.
OPEN TEST DRIVE
BULLISHNEGATIVE—
2026-07-14 · RTY
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.
OPEN AUCTION
NEUTRALPOSITIVE—
OpenGamma Intelligence · Schema v1.1.0This brief is not investment advice.