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ES dealer levels & regime call — June 29, 2026

The morning call was expansion and the session realized compression — graded MISS against realized RTH volatility versus the 20-day median. ES ran a 85.5-point range and closed higher, touching 3 of 4 published dealer levels. The miss stays on the ledger — that is the point of grading in public.

EXPANSIONMorning call
COMPRESSIONRealized
MISSResult
SHORT GAMMADealer gamma
-7.68BNet GEX
85.5 ptsRTH range
7,453.5 → 7,497.25Open → Close
7409744274757508Call WallPut WallMax Pain09:3011:0712:4414:2115:58

The morning dealer levels, graded

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

LevelPriceTypeSession
Call Wall7,462.23supply / call walltouched
Put Wall7,452.23demand / put walltouched
Gamma Flip7,712.23gamma flipuntouched
Max Pain7,462.23max 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 MISS.

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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.