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ES dealer levels & regime call — July 7, 2026

The morning call was compression and the session realized compression — graded HIT against realized RTH volatility versus the 20-day median. ES ran a 52.75-point range and closed lower, touching 0 of 4 published dealer levels.

COMPRESSIONMorning call
COMPRESSIONRealized
HITResult
LONG GAMMADealer gamma
+20.15BNet GEX
52.75 ptsRTH range
7,584 → 7,553.5Open → Close
7526755675867615Max 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 Wall7,614.12supply / call walluntouched
Put Wall7,414.12demand / put walluntouched
Gamma Flip7,426.96gamma flipuntouched
Max Pain7,609.12max pain / settlementuntouched

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.