Afternoon surge: QQQ +1.19%, META +1.65%, TSLA +2.67% power broad rally as tech dominates; breadth 1.55:1, VIX stable at 14.69

Dealer positioning shows a clear regime shift as options market makers adjust hedges across the curve. The put-call skew has compressed significantly, suggesting institutional players are reducing downside protection.

Watch the key level closely at open — it sits exactly at the intersection of the GEX zero line and overnight VWAP. A clean break above opens the path to the call wall; rejection sends us back toward the put wall.