NQPOSITIVE
NQ is structurally coiled with a genuine upside pull that is capped about 150 points above spot. Spot sits INSIDE a contiguous vanna antimagnet band running NQ 29,181 to 29,269, with a contiguous magnet band NQ 29,328 to 29,416 immediately above and nothing between them, so vanna is repelling price from where it is and attracting it higher. Two independent pieces of evidence support that lean: the NQ family is call-skewed into the event, with NDX 0DTE ATM calls at 16.4 against puts at 14.9 and QQQ at 21.1 against 16.2, a REVERSE_SMIRK on both, while the ES family is put-skewed; and QQQ 0DTE positive gamma built 12x through the pre-market. Against it, the NQ family is the fragile one - underperforming ES by 16 basis points overnight, charm negative on both native and ETF books where SPX is positive, spot 47 points BELOW its own Gamma Neutral where SPX is 2 points above, and its call wall and flip both migrating DOWN while the ES flip migrated UP. The resolution is that this is a two-sided, discriminator-dependent session rather than a directional one.
NQ is coiled rather than directional, and the whole session hangs on one price: NQ 29278, the NDX 0DTE Gamma Neutral, which is also the half-gap control line to within half a point and the overnight high to within 0.75. It has already been tested and rejected once tonight. Below it, spot sits inside a contiguous vanna ANTIMAGNET band from NQ 29,181 to 29,269 that repels price, so the tape stays heavy and rotational toward 29,210 and 29,181, with the QQQ 707 put wall at NQ 29,130 as the floor. Reclaim 29,278 with acceptance and the contiguous MAGNET band from NQ 29,328 to 29,416 opens, with the QQQ 713 call wall at 29,375.7 as the first real resistance and the 0.964-percentile STRONG cluster at 29,447.6 as the ceiling. That upside is a CONTAINED rotation, not a breakout - the magnet band terminates exactly where the call wall and the top cluster begin. Size it accordingly: the inferred 0DTE expected move is only plus or minus 166 points and the charm lean is negative, so do not chase it early.
Level Map
Confluence-ranked · distances from spot 29156.08Level Reaction
Intraday tape · NQ · 2026-08-26Greek Pressure
Dealer directional forces · next sessionThe NQ family regime is set by QQQ, not by the native index, and this is a deliberate reversal of the usual native-first precedence. The native NDX 0DTE chain holds only 3,280 call and 3,507 put contracts in TOTAL against SPX 0DTE's 146,883 and 189,513; recomputing its net GEX at the Tuesday-close spot gives +$0.103B and at a spot 42 points lower gives -$0.158B, so a 0.14 percent change in the assumed spot reverses the sign. That is not a regime signal. QQQ carries 108,615 call and 133,312 put OI and prints +$0.43B in the brief, +$0.674B on my rebuild and +$0.312B on vendor gamma - positive on all three - and it BUILT 12x through the pre-market from +$0.036B at 07:32 UTC. Dollar-delta folded in here: dex +57.41, essentially flat, which is itself a statement about how thin the native book is.
The strongest NQ finding today, and it is structural rather than a magnitude. On the structuralActual rail there is a contiguous four-strike ANTIMAGNET band from NDX 29,107 to 29,195 (NQ 29,181 to 29,269) with spot sitting INSIDE it, and a contiguous four-strike MAGNET band from NDX 29,253 to 29,341 (NQ 29,328 to 29,416) immediately above, with nothing in between. The deepest antimagnet, vhi -11,612, is 9 points above spot; the deepest magnet, vhi +12,184, is 97 points above. Vanna is repelling price from where it is and attracting it to a zone 100 to 185 NQ points higher. The aggregate netVanna of +670.86 is an order of magnitude below SPX and is the less informative half of this row. Caveat: computed on a 15-hour-old chain, so read the vhi values as relative ranking, not absolute magnitude - the strike locations are open-interest-anchored and survive the freeze.
netCharmDaily -12,871 on NDX and -388,169 on QQQ, both NEGATIVE and both the opposite sign to SPX's +2,894. The ES book leans into the close; the NQ book leans away from it. Combined with NQ's 16 basis point overnight underperformance, that is a decay-flow headwind specific to this family and it argues against chasing NQ upside early in the session. The CEX pressure centroid itself is neutral, printing 24 points above spot on both axes, so this is a flow lean and not a directional target - CEX_PRESSURE_CENTROID_NOT_PRICE_TARGET applies.
netColorDaily -81.28, effectively zero and marginally negative - gamma is neither building nor meaningfully eroding in the native NDX book. Contrast SPX at +7,093. Consistent with a chain this thin.
netVomma +7.30M, modest and roughly one seventh of SPX's. Veta folded in here since it has no enum of its own: netVeta +495,834,290, vega decaying positively. Both figures were reproduced exactly by an independent aggregation from the raw chain.
speedAtGn0 is ZERO and the GREEKS_GN0_ANCHOR_FALLBACK_SPOT flag is set, meaning the anchor fell back to spot. Combined with speed being non-zero on only about 1 percent of contracts, there is NO third-order read available on NQ today. Reported as absent rather than as a zero signal, and never comparable to a net aggregate in any case.
zommaAtGn0 -0.0212 at strike 29,210. A single-strike level property at the Gamma Neutral anchor, not an aggregate, and not comparable to a net. No actionable read.
netUltima -13,177,839. Fourth-order context only. Noted because the store populated all ten greek aggregates today, including netTheta -116,072, netRho +13,201, netVeta and netUltima - the four that were missing on 2026-08-25 - and my independent rebuild reproduced every one of them to the decimal.
Higher-Order
Second + third-order greeks—
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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 levelsNDX 29136 vanna antimagnet / NQ 29210.7 is secondarily confirmed by 6-stock zone 29186.45-29240.67.
NDX 29150 native 0DTE put wall (THIN) / NQ 29224.7 is secondarily confirmed by 6-stock zone 29186.45-29240.67.
NDX 29165 deepest vanna antimagnet / NQ 29240.0 is secondarily confirmed by 6-stock zone 29186.45-29240.67.
NDX CEX charm pressure centroid / NQ 29254.6 is secondarily confirmed by 6-stock zone 29186.45-29240.67.
ETF Confirmation Levels
QQQ ratio-convertedComponent Confluence Zones
Provisional only6-stock put-support confluence cluster centered 29212.64. Provisional component estimate, not a native executable level.
14-stock put-support confluence cluster centered 29216.35. Provisional component estimate, not a native executable level.
13-stock call-side confluence cluster centered 29250.71. Provisional component estimate, not a native executable level.
15-stock call-side confluence cluster centered 29239.55. 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 46s- 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 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. |