NQPOSITIVE
NDX is pinned on the largest gamma node in its own book - the native 29,510 strike at +$526M and the ETF 718 strike at +$295.7M land seven points apart on separately measured chains, joined by a STRONG allCredible cluster at percentile 0.948 - inside a strongly positive-gamma regime where dealer hedging damps every impulse, and since the open the vanna channel has inverted at spot from antimagnet to magnet so that it now reinforces the pin rather than fighting it.
Trade the upside as a move to a target, not as a breakout. The structure backs the direction - call gamma outweighs put gamma 8 to 1, there is zero call open interest below QQQ 710, vanna has flipped bullish at spot, and QQQ 720 is the largest call node on both the 0DTE and 1DTE chains - but positive gamma damps breaks by construction, so expect a slow grind that stalls. Long on a hold above 29612 or a pullback into 29529 to 29575 that holds, targeting 29653 then 29667 and 29678, taking size at 29653 where the magnet and the wall coincide, invalidated below 29507. Short only on losing 29507 with acceptance toward 29481 and 29447, with the real short existing only below 29422. No new risk inside the 29529 to 29612 pin.
Level Map
Confluence-ranked · distances from spot 29508.32Level Reaction
Intraday tape · NQ · 2026-08-27Greek Pressure
Dealer directional forces · next sessionStrongly POSITIVE and now MEASURED rather than reconstructed: native 0DTE +$2.264B and ETF 0DTE +$1.640B, with 1DTE at +$1.724B and +$1.204B. Spot sits 93 to 153 futures points above both gamma-neutral crossings, deep inside positive gamma where dealer hedging damps every impulse. Decisively, the single largest 0DTE call node on both rails is at spot - native 29,510 at +$526M and ETF 718 at +$295.7M, seven points apart on separately measured books - joined by a STRONG allCredible cluster at gexPercentile 0.948. Three rails put their strongest node on the current price: this is a pin, and it is the reason for the narrow choppy range. The structural asymmetry is 8 to 1 in favour of calls, largest positive strike +$358.6M against largest negative -$45M, with zero call open interest below QQQ 710. Dollar-delta folded in here: net DEX +$3.262B from the live harvest.
The vanna channel has INVERTED at spot since the pre-open and now reinforces the gamma pin instead of fighting it. Before the open, QQQ 717 was a 0DTE antimagnet at vhi -8,221 with spot on it; the strike at spot is now a MAGNET at vhi +9,307. The dominant magnet sits at QQQ 720, vhi +15,765 on 0DTE and +19,803 on 1DTE, which is the same strike as the largest gamma node - magnet and wall in one place. The repulsion has migrated down to QQQ 715 and 716, where the antimagnet now reads -21,090 on 0DTE and -23,116 on 1DTE, the largest vanna values on the board. Note the live harvest reads net vanna -39,388 against the store block's +877; the live figure is used because the store block is anchored 280 points from spot.
Readable again. Before the open I refused this channel because the native and ETF rails disagreed on the SIGN of net charm, +7.61e12 against -9.27e11. They now AGREE - both negative - and the native centroid has flipped sign along with it. Negative net charm means call delta bleeding away through the session, which is a mild drag against upside into the close rather than a driver. The centroids still disagree on location by 173 points, so no level is drawn from either, and CEX_PRESSURE_CENTROID_NOT_PRICE_TARGET still applies - the native centroid is essentially at spot.
Net vomma strongly positive from the live harvest - the book lengthens volatility as volatility rises. VIX has ticked up from 14.93 to 15.13 and the front VIX expiry is still in negative gamma at -245,219, so VIX moves still overshoot; the VIX put wall has risen from 14.5 to 15.0 with spot. Veta is folded in here because the schema has no VETA row and it is not published on this rail.
Net color -35.7 on the live harvest against -142.4 on the stale store block. Small either way. Gamma decay matters today mainly as the mechanism that releases the pin into the afternoon as 0DTE gamma runs off, not as a directional input.
Speed at the GN0 strike reads exactly 0 - the standing coverage caveat firing rather than a measurement, since speed is non-zero on only about 1 percent of contracts. A SINGLE-STRIKE level property, never comparable to a net aggregate. The store's GN0 anchor of 29,225 is additionally 280 points below live spot and has not re-anchored.
Zomma at the store's GN0 strike 29,225, a single-strike level property rather than an aggregate, and anchored 280 points from spot. Negligible magnitude and not read.
Net ultima is not published on this rail and was not separately solved in the live harvest, so no value is claimed. Recorded as absent rather than estimated.
Higher-Order
Second + third-order greeksNet color -35.7 on the live harvest against -142.4 on the stale store block. Matters today as the mechanism that releases the pin into the afternoon as 0DTE gamma runs off, not as a directional input
Speed at the GN0 strike reads exactly 0 - the standing coverage caveat firing rather than a measurement. A single-strike level property, never comparable to a net, and the store's GN0 anchor is 280 points below live spot
Strongly positive on the live harvest - the book lengthens volatility as volatility rises, with VIX up to 15.13 and the front VIX expiry still short gamma at -245,219 so VIX moves overshoot
Zomma at the store's GN0 strike 29,225, a single-strike level property anchored 280 points from spot. Negligible and not read
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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
QQQ 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 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. |