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ES dealer levels & regime call — June 24, 2026

The morning call was expansion and the session realized expansion — graded HIT against realized RTH volatility versus the 20-day median. ES ran a 67.25-point range and closed lower, touching 3 of 4 published dealer levels.

EXPANSIONMorning call
EXPANSIONRealized
HITResult
SHORT GAMMADealer gamma
-7.72BNet GEX
67.25 ptsRTH range
7,442.75 → 7,428Open → Close
7422744874747500Call WallPut WallMax Pain09:3010:2811:2612:2413:22

The morning dealer levels, graded

Published with the morning roadmap before the open; "touched" means the session traded at the level.

LevelPriceTypeSession
Call Wall7,456.79supply / call walltouched
Put Wall7,431.79demand / put walltouched
Gamma Flip7,691.79gamma flipuntouched
Max Pain7,451.79max pain / settlementtouched

Grading rule: realized RTH volatility vs. the 20-day median — expansion if it exceeds, compression otherwise. Same rule every day, committed in advance (methodology). The running record is on the scorecard — this page graded HIT.

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Research and decision support, not execution advice or a trade recommendation. Futures and options involve substantial risk. Historical data shown for research purposes.