HomeArchive › July 9, 2026

ES dealer levels & regime call — July 9, 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 62.75-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
NEUTRAL GAMMADealer gamma
-0.94BNet GEX
62.75 ptsRTH range
7,538.25 → 7,588.75Open → Close
7520754775747601Call WallPut WallGamma FlipMax 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 Wall7,550.38supply / call walltouched
Put Wall7,525.38demand / put walluntouched
Gamma Flip7,554.8gamma fliptouched
Max Pain7,535.38max 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.

← July 8, 2026 · All sessions · July 10, 2026 →

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