ES GEX Levels @ESGexLevels

NQ GEX - close [Negative Gamma] Call Wall 29,944 +$13M ↓71% Gamma Flip 29,359 -610 pts Put Wall 28,086 -$128M ↓78% GEX 1 28,912 · GEX 2 28,540 · GEX 3 28,953 GEX 4 28,499 · GEX 5 28,292 NQ/QQQ: 41.3027 Range 28,220-29,160 · DEX Bearish · VIX 18.76 Walls: CW -207 / PW -826 over 10 sessions #NQ #QQQ #GEX

ES GEX - close [Day 2 Negative Gamma] Call Wall 7,633 +$0.2B ↓91% Gamma Flip 7,564 -76 pts Put Wall 7,483 -$0.9B ↓84% Magnet 7,483 (Put Wall) GEX 1 7,523 · GEX 2 7,533 · GEX 3 7,473 GEX 4 7,508 · GEX 5 7,503 Spread: +33.1 Range 7,422-7,560 (±69) · VIX 18.74 Next session (2026-07-20): 42% of GEX Walls: CW +30 / PW -25 over 10 sessions Fading: 7,533 (-$3.3B) Put Wall and Magnet converge at 7483, five points below ES at 7488, pulling price back toward that anchor into the close. [7483] Put Wall and Magnet combined; dealers sell dips below, gravitational pull if ES drifts lower. [7564] Gamma flip; reclaim shifts regime to positive gamma, dampening volatility. Flip: Break below 7433 removes the put-heavy shelf and dealers accelerate selling into the gap toward 7383. #ES #SPX #GEX

NQ GEX - afternoon [Negative Gamma] Call Wall 29,989 +$25M ↓44% Gamma Flip 29,171 -344 pts Put Wall 28,748 -$1.2B ↑99% Magnet 28,955 GEX 1 28,542 · GEX 2 28,831 · GEX 3 28,997 GEX 4 28,790 · GEX 5 28,873 NQ/QQQ: 41.3647 Range 28,417-29,345 · DEX Bearish · VIX 18.50 0DTE (2026-07-17): 38% of GEX Walls: CW -207 / PW -207 over 10 sessions Building: 28,955 (+$1.2B), 28,748 (+$891M) #NQ #QQQ #GEX

ES GEX - afternoon [Day 2 Negative Gamma] Call Wall 7,619 +$0.2B ↓91% Gamma Flip 7,584 -86 pts Put Wall 7,489 -$3.2B ↓41% Magnet 7,509 GEX 1 7,499 · GEX 2 7,514 · GEX 3 7,519 GEX 4 7,494 · GEX 5 7,504 Spread: +39.1 Range 7,432-7,570 (±69) · VIX 18.67 0DTE (2026-07-17): 64% of GEX Walls: CW +30 / PW +5 over 10 sessions Building: 7,514 (+$2.1B), 7,519 (+$1.9B) Fading: 7,554 (-$3.7B) $4.2B put concentration at 7509 sits just 12 points above ES as negative gamma dealers amplify moves into the mid afternoon session. [7489] Put Wall support; dealers sell dips on a break, amplifying downside in negative gamma. [7509] Magnet 12 points above ES pulls price higher; hold here caps further upside near term. Flip: 7584: Reclaim flips regime to positive gamma; dealers shift from amplifying to dampening moves. #ES #SPX #GEX

NQ GEX - mid-session [Negative Gamma] Call Wall 29,988 +$37M ↓15% Gamma Flip 29,239 -214 pts Put Wall 28,954 -$1.6B ↑171% (Magnet) GEX 1 28,747 · GEX 2 29,161 · GEX 3 29,037 GEX 4 28,995 · GEX 5 28,540 NQ/QQQ: 41.3628 Range 28,516-29,427 · DEX Bearish · VIX 17.96 0DTE (2026-07-17): 38% of GEX Walls: CW -207 / PW 0 over 10 sessions Building: 28,954 (+$1.0B) #NQ #QQQ #GEX

ES GEX - mid-session [Day 2 Negative Gamma] Call Wall 7,620 +$0.5B ↓77% Gamma Flip 7,587 -53 pts Put Wall 7,520 -$2.6B ↓52% Magnet 7,555 GEX 1 7,560 · GEX 2 7,545 · GEX 3 7,540 GEX 4 7,510 · GEX 5 7,515 Spread: +39.8 Range 7,469-7,601 (±66) · VIX 17.86 0DTE (2026-07-17): 68% of GEX Walls: CW +30 / PW -25 over 10 sessions Building: 7,555 (+$3.7B), 7,560 (+$2.0B) Fading: 7,540 (-$1.2B) $8.8B put GEX building at 7555 with Magnet there pulls ES from 7534 in early afternoon negative gamma, 0DTE at 68%. [7555] Magnet and largest put GEX concentration; dealers sell into rallies here, amplifying reversals. [7520] Put Wall support; a break removes dealer dip-buying and opens amplified selling toward 7490. Flip: 7587: reclaim flips regime to positive gamma, shifting dealers from amplifying to dampening moves. #ES #SPX #GEX

NQ GEX - late morning [Negative Gamma] Call Wall 29,986 +$25M ↓44% Gamma Flip 29,264 -509 pts Put Wall 28,538 -$634M Magnet 28,745 GEX 1 28,952 · GEX 2 28,331 · GEX 3 28,580 GEX 4 28,704 · GEX 5 28,621 NQ/QQQ: 41.3598 Range 28,232-29,173 · DEX Bearish · VIX 18.48 0DTE (2026-07-17): 37% of GEX Walls: CW -207 / PW -414 over 10 sessions Building: 28,745 (+$721M), 28,538 (+$634M) #NQ #QQQ #GEX

ES GEX - late morning [Day 2 Negative Gamma] Call Wall 7,621 +$0.4B ↓84% Gamma Flip 7,587 -67 pts Put Wall 7,491 -$2.2B ↓59% Magnet 7,556 GEX 1 7,561 · GEX 2 7,511 · GEX 3 7,521 GEX 4 7,516 · GEX 5 7,501 Spread: +40.5 Range 7,440-7,577 (±68) · VIX 18.50 0DTE (2026-07-17): 65% of GEX Walls: CW +30 / PW -70 over 10 sessions Building: 7,516 (+$1.4B), 7,521 (+$1.4B) Fading: 7,561 (-$2.4B), 7,541 (-$2.3B) $3.8B put concentration at 7556 sits 35 pts above ES 7520, pulling price back up toward the Magnet in negative gamma with 65% 0DTE exposure. [7491] Put Wall support; dealers sell dips below, amplifying downside in negative gamma. [7556] Magnet zone; dealers chase price higher on any push toward this level. Flip: 7587: reclaim flips regime to positive gamma, shifting dealers from amplifying to dampening. #ES #SPX #GEX

NQ GEX - NY open [Negative Gamma] Call Wall 29,989 +$12M ↓72% Gamma Flip 29,240 -593 pts Put Wall 28,335 -$564M GEX 1 28,542 · GEX 2 28,128 · GEX 3 28,749 GEX 4 28,583 · GEX 5 28,624 NQ/QQQ: 41.3648 Range 27,951-28,929 · DEX Bearish · VIX 19.12 0DTE (2026-07-17): 36% of GEX Walls: CW -207 / PW -620 over 10 sessions Building: 28,542 (+$566M), 28,335 (+$564M) Fading: 28,955 (-$593M) #NQ #QQQ #GEX

ES GEX - NY open [Day 2 Negative Gamma] Call Wall 7,620 +$0.4B ↓83% Gamma Flip 7,588 -82 pts Put Wall 7,445 -$2.3B ↓58% Magnet 7,555 GEX 1 7,510 · GEX 2 7,490 · GEX 3 7,415 GEX 4 7,440 · GEX 5 7,515 Spread: +40.1 Range 7,412-7,553 (±71) · VIX 19.18 0DTE (2026-07-17): 66% of GEX Walls: CW +30 / PW 0 over 10 sessions Building: 7,515 (+$0.7B) Negative gamma with ES at 7506 pinned below the Magnet at 7555, where a -$2.3B put cluster caps any rally attempt early session. [7555] -$2.3B put GEX above ES; dealers sell into rallies, amplifying rejection. [7490] -$1.9B put concentration below ES; a break lower accelerates dealer selling. Flip: 7588: reclaim flips regime to positive gamma, shifting dealers from amplifying to dampening. #ES #SPX #GEX

ES GEX - pre-session (prior close chain) [Day 2 Negative Gamma] Call Wall 7,619 +$0.8B ↓67% Gamma Flip 7,588 -79 pts Put Wall 7,514 -$5.5B Magnet 7,514 (Put Wall) GEX 1 7,554 · GEX 2 7,509 · GEX 3 7,559 GEX 4 7,519 · GEX 5 7,524 Spread: +39.4 Range 7,505-7,642 (±68) · VIX 18.33 0DTE (2026-07-17): 82% of GEX Walls: CW +30 / PW 0 over 10 sessions Building: 7,514 (+$4.7B), 7,519 (+$2.2B) Fading: 7,559 (-$1.4B), 7,619 (-$1.2B) #ES #SPX #GEX

NQ GEX - close [Negative Gamma] Call Wall 29,991 +$44M ↓75% Gamma Flip 29,675 -488 pts Put Wall 28,957 -$593M ↑93% (Magnet) GEX 1 29,329 · GEX 2 28,750 · GEX 3 29,164 GEX 4 29,371 · GEX 5 29,577 NQ/QQQ: 41.3671 Range 28,729-29,627 · DEX Bearish · VIX 16.73 Next session (2026-07-17): 40% of GEX Walls: CW -165 / PW 0 over 10 sessions Building: 28,957 (+$593M) #NQ #QQQ #GEX

ES GEX - close [Day 1 Negative Gamma] Call Wall 7,589 +$2.3B ↓47% Gamma Flip 7,570 -1 pts Put Wall 7,559 -$5.4B ↑491% Magnet 7,559 (Put Wall) GEX 1 7,554 · GEX 2 7,539 · GEX 3 7,619 GEX 4 7,614 · GEX 5 7,544 Spread: +39.4 Range 7,510-7,636 (±63) · VIX 16.69 Next session (2026-07-17): 84% of GEX Walls: CW +25 / PW +45 over 10 sessions Fading: 7,614 (-$1.7B), 7,629 (-$1.3B) #ES #SPX #GEX

NQ GEX - afternoon [Negative Gamma] Call Wall 30,008 +$73M ↓58% Gamma Flip 29,574 -338 pts Put Wall 28,973 -$827M ↑169% GEX 1 29,387 · GEX 2 29,180 · GEX 3 29,346 GEX 4 29,594 · GEX 5 29,139 NQ/QQQ: 41.3902 Range 28,807-29,693 · DEX Bearish · VIX 16.51 Walls: CW -166 / PW 0 over 10 sessions Building: 28,973 (+$827M), 29,180 (+$697M) #NQ #QQQ #GEX

ES GEX - afternoon [Day 1 Negative Gamma] >>> REGIME FLIP: positive gamma -> negative gamma <<< Call Wall 7,619 +$2.3B ↓48% Gamma Flip 7,594 -22 pts Put Wall 7,564 -$6.3B ↑588% Magnet 7,564 (Put Wall) GEX 1 7,559 · GEX 2 7,569 · GEX 3 7,544 GEX 4 7,574 · GEX 5 7,624 Spread: +44.4 Range 7,518-7,642 (±62) · VIX 16.44 Walls: CW +25 / PW +45 over 10 sessions Fading: 7,619 (-$1.0B), 7,634 (-$0.9B) Gamma regime flipped negative today; ES at 7571 now sits below the 7594 flip with a $6.3B Put Wall and Magnet sharing 7564. [7594] Gamma flip; reclaim turns dealers from amplifiers back to dampeners. [7564] Put Wall and Magnet stacked here; break below removes support, dealers sell into weakness. Flip: Sustained move above 7594 restores positive gamma and dealer dampening regime. #ES #SPX #GEX

NQ GEX - mid-session [Negative Gamma] Call Wall 30,005 +$91M ↓48% Gamma Flip 29,696 -385 pts Put Wall 28,971 -$687M ↑124% Magnet 29,385 GEX 1 29,178 · GEX 2 29,591 · GEX 3 29,343 GEX 4 29,136 · GEX 5 29,509 NQ/QQQ: 41.3867 Range 28,913-29,783 · DEX Bearish · VIX 16.11 Walls: CW -166 / PW 0 over 10 sessions Building: 29,385 (+$733M), 28,971 (+$687M) #NQ #QQQ #GEX

ES GEX - mid-session [Day 1 Positive Gamma] Call Wall 7,619 +$3.2B ↓28% Gamma Flip 7,596 +1 pts Put Wall 7,564 -$5.2B ↑465% Magnet 7,564 (Put Wall) GEX 1 7,559 · GEX 2 7,624 · GEX 3 7,644 GEX 4 7,634 · GEX 5 7,544 Spread: +43.7 Range 7,533-7,656 (±61) · VIX 16.18 Walls: CW +25 / PW +45 over 10 sessions Fading: 7,644 (-$2.1B) ES at 7597 sits just 1 point above the 7596 gamma flip, with the $5.2B Put Wall and Magnet both at 7564 pulling price lower. [7619] $3.2B Call Wall caps rallies; dealers sell into this ceiling, weakened 28% today. [7564] Put Wall and Magnet stacked here; break below shifts regime to negative gamma amplification. Flip: 7596: one-point cushion; a dip through flips regime negative and accelerates dealer selling into weakness. #ES #SPX #GEX

NQ GEX - late morning [Negative Gamma] Call Wall 30,002 +$91M ↓48% Gamma Flip 29,696 -272 pts Put Wall 28,967 -$749M ↑144% GEX 1 29,381 · GEX 2 29,174 · GEX 3 29,588 GEX 4 29,339 · GEX 5 29,133 NQ/QQQ: 41.3814 Range 28,911-29,773 · DEX Bearish · VIX 15.97 Walls: CW -166 / PW 0 over 10 sessions Building: 28,967 (+$749M), 29,381 (+$580M) #NQ #QQQ #GEX

ES GEX - late morning [Day 1 Positive Gamma] >>> REGIME FLIP: negative gamma -> positive gamma <<< Call Wall 7,618 +$3.6B ↓19% Gamma Flip 7,598 +15 pts Put Wall 7,563 -$4.8B ↑427% Magnet 7,563 (Put Wall) GEX 1 7,558 · GEX 2 7,623 · GEX 3 7,643 GEX 4 7,633 · GEX 5 7,648 Spread: +43.5 Range 7,540-7,661 (±61) · VIX 15.97 Walls: CW +25 / PW +45 over 10 sessions Building: 7,623 (+$0.6B), 7,628 (+$0.6B) Fading: 7,643 (-$1.7B) Regime flipped to positive gamma late morning, with ES at 7612 just 6 points under the $3.6B Call Wall at 7618 capping rallies. [7618] Call Wall resistance; dealers sell rallies here, dampening upside in positive gamma. [7598] Gamma flip; dealers buy dips above this level, maintaining positive gamma support. Flip: Break below 7598 restores negative gamma, and Magnet at 7563 pulls price lower. #ES #SPX #GEX

NQ GEX - NY open [Negative Gamma] Call Wall 29,998 +$121M ↓31% Gamma Flip 29,706 -403 pts Put Wall 28,964 -$773M ↑152% (Magnet) GEX 1 29,377 · GEX 2 29,584 · GEX 3 29,171 GEX 4 29,336 · GEX 5 29,129 NQ/QQQ: 41.3766 Range 28,919-29,788 · DEX Bearish · VIX 16.44 Walls: CW -166 / PW 0 over 10 sessions Building: 28,964 (+$773M) #NQ #QQQ #GEX