ESPOSITIVE
SPX is sitting on its 0DTE gamma flip inside a negative-gamma pocket running from 7647 to 7736, so intraday moves amplify rather than damp until price reaches an edge - and the upper edge is guarded by the largest one-sided call-gamma block on either chain, roughly +$8.0B from 7740 to 7820 with zero put open interest above 7755.
Express directional risk in ES and use NQ as the confirmation instrument rather than the other way round, because ES amplifies inside its 7647 to 7736 negative-gamma pocket while NQ damps above its flip. Long only above ES 7728 with NQ confirming above 29573, targeting ES 7738 then 7753, and do not chase into 7753 because above ES 7749 the regime turns damped positive gamma. Short on ES losing 7713 with NQ under 29491, targeting 7703, 7688 and 7663, with a second entry when NQ loses 29392. No new risk inside ES 7713 to 7728 or across the 13:30 to 13:45 UTC claims print.
Level Map
Confluence-ranked · distances from spot 7706.00Level Reaction
Intraday tape · ES · 2026-08-27Greek Pressure
Dealer directional forces · next session0DTE net gamma is POSITIVE at +$8.418B rebuilt at live spot with implied volatility re-solved by Black-Scholes, but the cumulative profile is NEGATIVE continuously from 7647 to 7736 and spot at 7706 sits mid-pocket. Dealers are short gamma where price is and long gamma at both edges, so moves amplify inside the band and are absorbed at 7647 and 7736. The published rail reads -$4.276B; that sign is a stale-underlying artefact, corroborated as wrong by four independent checks including +16,977 net call open interest within 40 points of spot. Dollar-delta evidence folded in here: net DEX -$2.44B is not read directionally because the cancellation ratio is 0.920, an 8 percent residual of a $30.6B gross book.
Strike-located vanna is used, not the aggregate. The 1DTE structuralActual rail puts an antimagnet band at 7690-7695 with spot inside it, and magnets at 7650 below and 7731-7741 above. Vanna agrees with the gamma pocket - price is at an unstable point and gets pushed to an edge. The netVanna aggregate flips sign between the published rail at -10,766 and an independent recomputation at live spot at +1,081,258, so no directional claim is made from the aggregate. Confidence tier high, score 0.9875, vomma regime positiveHigh.
Charm pressure centroid sits at 7675.18, below spot, dominant side negative. Reported with the standing caveat that a pressure centroid is not a price target, and with a second caveat specific to today: the centroid is within half a point of the frozen underlying at 7675.70, so it is very likely spot-pinned rather than structural. Not promoted to a level, and no path-of-least-resistance language is drawn from it.
Net vomma strongly positive, regime positiveHigh - the book gets longer volatility as volatility rises, amplifying any IV expansion off a 7.7th-percentile VIX. Veta is folded in here because the schema has no VETA row: net veta +6.63e9 says long-volatility exposure decays through the session, so the vomma amplification is a morning phenomenon that fades into the afternoon. Size accordingly.
Net color daily +23,890 on the published rail against -2,148 on the independent recomputation. Both are small relative to the gamma reading and both are computed on chains where the vendor greek set is compromised. Gamma decay is not a decisive input today.
Speed at the GN0 strike 7680. This is a SINGLE-STRIKE level property, never comparable to a net aggregate, and it carries the standing coverage caveat that speed is non-zero on only about 1 percent of contracts. Not read as a live third-order rail.
Zomma at the GN0 strike 7680, a single-strike level property rather than an aggregate. Magnitude is negligible.
Net ultima negative, mildly offsetting the positive vomma amplification at the far wings. Context only, not decisive at 0DTE.
Higher-Order
Second + third-order greeksNet color daily +23,890 published against -2,148 recomputed; small either way and not decisive
Speed at the GN0 strike 7680 reads 88,374.56 - a single-strike level property with the standing 1 percent coverage caveat, not a rail
Net vomma +29.85M, regime positiveHigh - amplifies IV expansion off a low base, decaying through the session per net veta +6.63e9
Zomma at the GN0 strike 7680 reads -0.7284, a single-strike level property of negligible magnitude
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IV Intelligence
Quadrant · skew · term structureCross-Asset Confirmation / Component Confluence
PARTIAL · PARTIAL_ERROR · partialNo usable ETF ratio levels or component zones were produced. This should reduce confidence in the overlay, not alter the native thesis by itself.
Native Levels Confirmed
0 matched levelsETF Confirmation Levels
SPY ratio-convertedComponent Confluence Zones
Provisional onlyCautions
Quality-aware language- 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.
- The overlay scan was partial because the runtime budget was hit or a source stage degraded. Treat absent confirmations as unknown, not bearish or bullish evidence.
Overlay Diagnostics
Runtime 21s- 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.
- COMPONENT_SOURCE: NVDA: NVDA: contracts lookup via NVDA returned RATE_LIMITED (You've exceeded the maximum requests per minute, please wait or upgrade your subscription to continue. https://massive.com/pricing)
LBF Status
Look-Below-And-Fail · conditions armedAccuracy Log
Outcomes · last 1 levels scored| Date | Symbol | Level | Predicted | Outcome | Notes |
|---|---|---|---|---|---|
| 2026-04-20 | ES | NEG GEX TRIGGER@ 7152.00 | SHORT_BELOW | ABSORBED | Opened 7148.25 below the 7152 trigger and sold to 7121.50, but downside follow-through stalled well above 7102. First 30-minute close was 7156.75 and session closed 7152.00, so bearish impulse fired but was absorbed and reclaimed by end of day. |