Bias largely confirmed: SPY holds 750 put wall and probes call zone, but QQQ outperformance denies bearish structure thesis
SPY holds above the 750.0 put wall at the open and tests 752.0 call wall by mid-morning.
SPY opened at 750.275, held above the 750.0 put wall, and traded as high as 753.95 by 10:30 ET, clearing the 752.0 level entirely.
QQQ underperforms SPY — its LH/LL price structure and 32% trend confidence cap any call wall breakout attempt.
QQQ is up +0.022% vs SPY +0.014% at 10:30 ET, outperforming rather than lagging, with a session high of 732.81 showing no capping behavior.
IWM sustains above its 290.0 put wall, consistent with its bullish trend bias and 100% recent directional accuracy.
IWM opened at 289.81 and dipped to a session low of 287.98 before recovering to 289.86 — it briefly violated the 290.0 put wall before clawing back, so support held on a closing basis but was not sustained cleanly throughout the morning.
VIX remains below 17.00 — positive gamma regime holds and intraday realized moves stay contained near GEX walls.
VIX is trading at 15.95, down -4.43% on the session, well below the 17.00 threshold, confirming the positive gamma / low-realized-vol environment.
SPY and VIX theses hit cleanly this morning, but QQQ flipped the script by outperforming — bulls are in control with 750 as the floor and 755 as the key breakout gate for the rest of the session.
Pre-market, midday, and post-market briefings before you need them.
Start Free TrialNo credit card required
