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OpenGammaIntelligence · Pre-Market
Edition · Wednesday, July 8, 2026·Archived · 8d ago · historical·08 Jul 2026 11:50 UTC

NQNEGATIVE

Spot28985.00SessionREGULAR
Dealer Regime
STALE_NATIVE_CHAIN_PIN_AT_SPOT
NetGEX -$226Risk ELEVATED
Opening Type
OPEN AUCTION
Conf 45%
Share Card
Accuracy Ledger2 logged · 2 scored50% hit rateFull ledger ↓
Desk Thesis · 2026-07-08

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.

Spot sits almost exactly on the dominant 0DTE/8-member cluster + QQQ 0DTE call/put wall confluence (NQ ~28901-28907) with the nearest real resistance a full ~413pts away (QQQ 6DTE call wall, NQ 29398) -- a wide air pocket above. Native NDXP chain is flagged stale (frozen ~6.5hrs pre-Globex-drop); QQQ-projected rails used as primary. React to a break of the narrow 28949/29031 antimagnet-flanked pivot rather than anticipating one.

Level Map

Confluence-ranked · distances from spot 28985.00
NQ
NDX
Level
Action · Distance
29521.00
CALL WALLQQQ 1DTE call wall, deep OI, confluent with native 1/2/6DTE call cluster (~29535)
WATCH+1.85% · conf 3
29423.00
STRUCTURAL FLOORStock GEX 7DTE (constituent aggregate)
WATCH+1.51% · conf 1
29398.00
CALL WALLQQQ 6DTE call wall, nearest confirmed resistance
WATCH+1.42% · conf 2
SPOT
NQ28985.00
NDX28985.00
live anchor
28901.00
DOMINANT ANCHORDominant anchor: 8-member cross-rail cluster (put side, pctile 0.967) + QQQ 0DTE call/put wall confluence
WATCH-0.29% · conf 3
28702.00
PUT FLOORQQQ 6DTE/7DTE put wall confluence
WATCH-0.98% · conf 2
28497.00
PUT FLOORQQQ 2DTE put wall, deep OI
WATCH-1.68% · conf 2

Level Reaction

Intraday tape · NQ · 2026-07-08
Loading session tape…

Greek Pressure

Dealer directional forces · next session
GAMMA
NEUTRAL · 30

Native NDXP 0DTE greek read has been frozen for 6.5+ hours (single step-change at 11:00Z, coverage 0.388->0.636); treat any gamma sign claim as low-confidence today. Structurally, spot sits directly on the dominant cluster/wall confluence rather than clearly above or below a GN level.

CHARM
DOWN · 50

QQQ-projected charm centroid (fresh chain, ~80x the magnitude of the native reading) sits at NQ ~29276, negativeCharm dominant, above spot -- reinforces the QQQ 6DTE call-wall resistance case rather than pulling spot down directly.

VANNA
DOWN · 35

Spot sits in a vanna trough between two antimagnets (NQ 28949 below, NQ 29031 above, both structuralActual/fixed1m rail) -- no stabilizing magnet nearby in either direction; the largest magnet in the book (+19,065.3) is well above at NQ 29523.

COLOR
NEUTRAL · 10

netColorDaily negligible and frozen alongside the rest of the native NDXP read today.

VOMMA
UP · 25

netVomma positive but the underlying book is thin/stale-flagged -- treat as a coarse reading.

ZOMMA
DOWN · 10

zommaAtGn0 near-zero, thin/stale-book reading.

Higher-Order

Second + third-order greeks
color
LATENT
6.970

—

speed
LATENT
0.000

—

vomma
LATENT
6922476.270

—

zomma
LATENT
-0.008

—

IV Intelligence

Quadrant · skew · term structure
Regime Quadrant
Not captured
ATM IVUnavailable
IV Percentile50
Skew Pctile50
Skew ShapeREVERSE_SMIRK
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
2 native levels received secondary cross-asset confirmation. Strongest alignment sits around 28702.00 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

2 matched levels
PUT FLOOR
19 conf
28702.00
QQQ 6DTE/7DTE put wall confluence

QQQ 6DTE/7DTE put wall confluence is secondarily confirmed by 3-stock zone 28671.93-28715.41.

COMP 2
DOMINANT ANCHOR
18 conf
28901.00
Dominant anchor: 8-member cross-rail cluster (put side, pctile 0.967) + QQQ 0DTE call/put wall confluence

Dominant anchor: 8-member cross-rail cluster (put side, pctile 0.967) + QQQ 0DTE call/put wall confluence is secondarily confirmed by 15-stock zone 28907.74-29002.79.

COMP 2

ETF Confirmation Levels

QQQ ratio-converted
No ETF ratio confirmations were retained.Missing ETF spot or source coverage can suppress this list on bounded runs.

Component Confluence Zones

Provisional only
PUT_SUPPORT
0.42
28671.93 - 28715.41
center 28693.67 · 3 names · DTE 2

3-stock put-support confluence cluster centered 28693.67. Provisional component estimate, not a native executable level.

PUT_SUPPORT
0.40
28949.05 - 28993.99
center 28971.43 · 9 names · DTE 2

9-stock put-support confluence cluster centered 28971.43. Provisional component estimate, not a native executable level.

CALL_WALL
0.39
28950.51 - 29019.89
center 28982.92 · 10 names · DTE 5

10-stock call-side confluence cluster centered 28982.92. Provisional component estimate, not a native executable level.

CALL_WALL
0.39
28962.56 - 29026.73
center 28994.48 · 13 names · DTE 2

13-stock call-side confluence cluster centered 28994.48. 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.
  • Parts of the overlay could not be converted onto the futures axis because a required live price was unavailable.
  • 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 51s
  • 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.
  • MISSING_ETF_SPOT: cannot convert QQQ CALL_WALL

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.