{
  "schema_version": 1,
  "date": "2026-08-05",
  "generated_at": "2026-08-04T21:50:34+00:00",
  "sentiment_read": "The tape reads as consolidation rather than conviction. All three instruments sit in a CHOP regime, and the overnight sessions carved out ranges that stayed inside the prior day's boundaries \u2014 NQ overnight 28831.5\u201329949.5 against a prior day close of 29819 in the upper third of that range, ES overnight 7629.25\u20137781 against a close of 7774.5 also in the upper third, GC overnight 4097.9\u20134141.6 against a close of 4134.9 sitting in the middle third. Equity index EMA stacks are ordered with the fast above the slow (NQ 9:29673.81, 20:29417.91, 50:29027.85; ES 9:7739.29, 20:7698, 50:7630.88) while GC's are compressed into a narrow band (4135.72, 4128.49, 4121.13), which is the signature of a market waiting rather than one resolving. Macro plumbing is unstressed: the 2s10s spread is positive and the NFCI reads loose, so the background conditions are accommodative, not the constraint. Headline flow is idiosyncratic and single-name \u2014 Chevron earnings reaction, a Palantir revenue-acceleration question, a Rivian valuation debate, an Indian refinery build at 280000 barrels per day \u2014 with no material filings and nothing that reprices the index complex as a whole. Volatility budgets are modest: NQ ATR 126.32, ES ATR 19.14, GC ATR 16.84. The mood is a market with a full calendar and a thin narrative.",
  "the_setup": "The session's structure is front-loaded by the calendar. Trade Balance, Exports and Imports land at 09:30 BST with a 09:25\u201309:35 blackout, Redbook at 09:55, and then a dense 11:00 BST cluster \u2014 Factory Orders and the ex-transportation cut, Durables ex-Defense and ex-Transport, JOLTS Job Openings, IBD/TIPP Economic Optimism, and vehicle sales \u2014 all sharing a 10:55\u201311:05 blackout. Atlanta Fed GDPNow follows at 12:10, the 52-Week Bill Auction at 12:30, and API Crude at 17:30. That 11:00 block is the day's information density; the map before it and after it are different maps.\n\nNQ: acceptance above the overnight high 29949.5 puts PDH 29956.5 in question above; rejection at 29949.5 leaves it as resistance, with 28831.5 and PDL 28831.5 below as support. Acceptance below the overnight low 28831.5 puts PDL 28831.5 in question below. Between 28831.5 and 29949.5, rangebound \u2014 those overnight extremes are the edges to watch, with the magnets at 29750, 29500 and 30000 as reference inside and beyond.\n\nES: acceptance above the overnight high 7781 puts PDH 7786 in question above; rejection at 7781 leaves it as resistance, with 7629.25 and PDL 7629.25 below as support. Acceptance below the overnight low 7629.25 puts PDL 7629.25 in question below. Between 7629.25 and 7781, rangebound; the magnets at 7750, 7500 and 8000 frame the wider structure, and the 50 EMA at 7630.88 sits effectively on the lower edge, so that zone carries two references at once.\n\nGC: acceptance above the overnight high 4141.6 puts PDH 4163.8 in question above; rejection at 4141.6 leaves it as resistance, with 4097.9 and PDL 4097.9 below as support. Acceptance below the overnight low 4097.9 puts PDL 4097.9 in question below. Between 4097.9 and 4141.6, rangebound, with the compressed EMA band at 4135.72, 4128.49 and 4121.13 inside that range and the 4250 and 4000 magnets well outside it.\n\nThe practical read: the overnight ranges are the reference frame, the 11:00 BST cluster is where that frame is most exposed to being re-drawn, and with all three instruments in CHOP the edges matter more than anything between them.",
  "technical_map": {
    "NQ": "PDH 29956.5 / PDL 28831.5 / PDC 29819; ON range 28831.5\u201329949.5; ATR 126.32, regime CHOP; EMAs 9:29673.81 / 20:29417.91 / 50:29027.85; magnets 29750, 30000, 29500; PDC 29819 in upper third of PD range",
    "ES": "PDH 7786 / PDL 7629.25 / PDC 7774.5; ON range 7629.25\u20137781; ATR 19.14, regime CHOP; EMAs 9:7739.29 / 20:7698 / 50:7630.88; magnets 7750, 8000, 7500; PDC 7774.5 in upper third of PD range",
    "GC": "PDH 4163.8 / PDL 4097.9 / PDC 4134.9; ON range 4097.9\u20134141.6; ATR 16.84, regime CHOP; EMAs 9:4135.72 / 20:4128.49 / 50:4121.13; magnets 4250, 4000; PDC 4134.9 in middle third of PD range"
  },
  "levels": {
    "NQ": {
      "symbol": "NQ",
      "pdh": 29956.5,
      "pdl": 28831.5,
      "pdc": 29819.0,
      "on_high": 29949.5,
      "on_low": 28831.5,
      "orb_anchors": {},
      "emas": {
        "9": 29673.81,
        "20": 29417.91,
        "50": 29027.85
      },
      "atr": 126.32,
      "regime": "CHOP",
      "magnets": [
        27000.0,
        27250.0,
        27500.0,
        27750.0,
        28000.0,
        28250.0,
        28500.0,
        28750.0,
        29000.0,
        29250.0,
        29500.0,
        29750.0,
        30000.0
      ]
    },
    "ES": {
      "symbol": "ES",
      "pdh": 7786.0,
      "pdl": 7629.25,
      "pdc": 7774.5,
      "on_high": 7781.0,
      "on_low": 7629.25,
      "orb_anchors": {},
      "emas": {
        "9": 7739.29,
        "20": 7698.0,
        "50": 7630.88
      },
      "atr": 19.14,
      "regime": "CHOP",
      "magnets": [
        7250.0,
        7500.0,
        7750.0,
        8000.0
      ]
    },
    "GC": {
      "symbol": "GC",
      "pdh": 4163.8,
      "pdl": 4097.9,
      "pdc": 4134.9,
      "on_high": 4141.6,
      "on_low": 4097.9,
      "orb_anchors": {},
      "emas": {
        "9": 4135.72,
        "20": 4128.49,
        "50": 4121.13
      },
      "atr": 16.84,
      "regime": "CHOP",
      "magnets": [
        4000.0,
        4250.0
      ]
    }
  },
  "options": {
    "NQ": {
      "symbol": "NQ",
      "proxy_etf": "QQQ",
      "spot": 723.85,
      "expiry": "2026-08-05",
      "dte": 0,
      "expected_move": 5.2,
      "expected_move_pct": 0.007184,
      "expected_move_1w": 20.005,
      "expected_move_1w_pct": 0.027637,
      "atm_strike": 724.0,
      "max_pain": 692.0,
      "gamma_flip": 659.4161,
      "call_wall": 710.0,
      "put_wall": 715.0,
      "net_gex": -575361868.57,
      "pcr_oi": 1.9126,
      "pcr_volume": 0.8045,
      "heavy_call_oi": [
        [
          710.0,
          7631.0
        ],
        [
          700.0,
          5610.0
        ],
        [
          712.0,
          3506.0
        ],
        [
          713.0,
          2247.0
        ]
      ],
      "heavy_put_oi": [
        [
          605.0,
          12247.0
        ],
        [
          625.0,
          8934.0
        ],
        [
          673.0,
          8658.0
        ],
        [
          620.0,
          7098.0
        ]
      ],
      "note": "Retail GEX estimate from QQQ ETF options as a proxy for NQ; dealer short-call/long-put sign assumption; QQQ \u2260 index \u2260 future \u2014 positioning map, not a measured dealer book."
    },
    "ES": {
      "symbol": "ES",
      "proxy_etf": "SPY",
      "spot": 771.33,
      "expiry": "2026-08-05",
      "dte": 0,
      "expected_move": 3.2,
      "expected_move_pct": 0.004149,
      "expected_move_1w": 13.205,
      "expected_move_1w_pct": 0.01712,
      "atm_strike": 772.0,
      "max_pain": 753.0,
      "gamma_flip": 595.523,
      "call_wall": 771.0,
      "put_wall": 765.0,
      "net_gex": -1910038125.56,
      "pcr_oi": 1.1717,
      "pcr_volume": 0.468,
      "heavy_call_oi": [
        [
          749.0,
          8679.0
        ],
        [
          756.0,
          7241.0
        ],
        [
          764.0,
          5663.0
        ],
        [
          758.0,
          5599.0
        ]
      ],
      "heavy_put_oi": [
        [
          710.0,
          12324.0
        ],
        [
          718.0,
          9424.0
        ],
        [
          756.0,
          8304.0
        ],
        [
          750.0,
          8263.0
        ]
      ],
      "note": "Retail GEX estimate from SPY ETF options as a proxy for ES; dealer short-call/long-put sign assumption; SPY \u2260 index \u2260 future \u2014 positioning map, not a measured dealer book."
    },
    "YM": {
      "symbol": "YM",
      "proxy_etf": "DIA",
      "spot": 540.43,
      "expiry": "2026-08-07",
      "dte": 2,
      "expected_move": 5.745,
      "expected_move_pct": 0.01063,
      "expected_move_1w": 9.6,
      "expected_move_1w_pct": 0.017764,
      "atm_strike": 540.0,
      "max_pain": 525.0,
      "gamma_flip": 379.1551,
      "call_wall": 537.0,
      "put_wall": 530.0,
      "net_gex": -205020573.32,
      "pcr_oi": 1.0418,
      "pcr_volume": 1.0768,
      "heavy_call_oi": [
        [
          535.0,
          3679.0
        ],
        [
          537.0,
          3410.0
        ],
        [
          540.0,
          1598.0
        ],
        [
          525.0,
          1390.0
        ]
      ],
      "heavy_put_oi": [
        [
          520.0,
          5527.0
        ],
        [
          515.0,
          1907.0
        ],
        [
          523.0,
          1217.0
        ],
        [
          507.0,
          1203.0
        ]
      ],
      "note": "Retail GEX estimate from DIA ETF options as a proxy for YM; dealer short-call/long-put sign assumption; DIA \u2260 index \u2260 future \u2014 positioning map, not a measured dealer book."
    },
    "RTY": {
      "symbol": "RTY",
      "proxy_etf": "IWM",
      "spot": 301.71,
      "expiry": "2026-08-05",
      "dte": 0,
      "expected_move": 2.57,
      "expected_move_pct": 0.008518,
      "expected_move_1w": 6.345,
      "expected_move_1w_pct": 0.02103,
      "atm_strike": 301.0,
      "max_pain": 294.0,
      "gamma_flip": 260.7114,
      "call_wall": 300.0,
      "put_wall": 296.0,
      "net_gex": -90752789.04,
      "pcr_oi": 4.7437,
      "pcr_volume": 0.922,
      "heavy_call_oi": [
        [
          300.0,
          2641.0
        ],
        [
          296.0,
          2091.0
        ],
        [
          297.0,
          1801.0
        ],
        [
          299.0,
          1718.0
        ]
      ],
      "heavy_put_oi": [
        [
          273.0,
          13322.0
        ],
        [
          288.0,
          12089.0
        ],
        [
          284.0,
          7304.0
        ],
        [
          290.0,
          7168.0
        ]
      ],
      "note": "Retail GEX estimate from IWM ETF options as a proxy for RTY; dealer short-call/long-put sign assumption; IWM \u2260 index \u2260 future \u2014 positioning map, not a measured dealer book."
    },
    "GC": {
      "symbol": "GC",
      "proxy_etf": "GLD",
      "spot": 374.16,
      "expiry": "2026-08-05",
      "dte": 0,
      "expected_move": 3.29,
      "expected_move_pct": 0.008793,
      "expected_move_1w": 9.1,
      "expected_move_1w_pct": 0.024321,
      "atm_strike": 374.0,
      "max_pain": 370.0,
      "gamma_flip": 371.6243,
      "call_wall": 375.0,
      "put_wall": 370.0,
      "net_gex": -51138323.34,
      "pcr_oi": 0.9947,
      "pcr_volume": 0.5836,
      "heavy_call_oi": [
        [
          375.0,
          1107.0
        ],
        [
          380.0,
          658.0
        ],
        [
          370.0,
          653.0
        ],
        [
          377.0,
          600.0
        ]
      ],
      "heavy_put_oi": [
        [
          367.0,
          892.0
        ],
        [
          360.0,
          821.0
        ],
        [
          365.0,
          669.0
        ],
        [
          366.0,
          658.0
        ]
      ],
      "note": "Retail GEX estimate from GLD ETF options as a proxy for GC; dealer short-call/long-put sign assumption; GLD \u2260 index \u2260 future \u2014 positioning map, not a measured dealer book."
    }
  },
  "congress": {
    "window_days": 50,
    "asof": "2026-08-05",
    "trade_count": 1042,
    "purchase_count": 806,
    "sale_count": 231,
    "exchange_count": 5,
    "purchase_notional_est": 16088904.0,
    "sale_notional_est": 27651002.5,
    "net_notional_est": -11562098.5,
    "index_purchase_count": 19,
    "index_sale_count": 12,
    "index_net_notional_est": 557003.5,
    "index_tickers": [
      "NVDA",
      "MSFT",
      "AAPL",
      "AMZN",
      "GOOGL",
      "GOOG",
      "META",
      "TSLA"
    ],
    "top_tickers": [
      [
        "AAPL",
        7,
        309999.5,
        3,
        4
      ],
      [
        "BRK.B",
        6,
        139503.0,
        6,
        0
      ],
      [
        "HUBB",
        6,
        48003.0,
        6,
        0
      ],
      [
        "MSFT",
        6,
        16001.0,
        4,
        2
      ],
      [
        "HD",
        5,
        -124000.5,
        2,
        3
      ],
      [
        "NVDA",
        5,
        50500.5,
        3,
        2
      ],
      [
        "GOOG",
        4,
        83001.0,
        3,
        1
      ],
      [
        "SPCX",
        4,
        56502.0,
        4,
        0
      ]
    ],
    "notable": [
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$500,001 - $1,000,000",
        "amount_mid": 750000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$500,001 - $1,000,000",
        "amount_mid": 750000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$500,001 - $1,000,000",
        "amount_mid": 750000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$500,001 - $1,000,000",
        "amount_mid": 750000.5,
        "txn_date": "2026-07-08",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$250,001 - $500,000",
        "amount_mid": 375000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$250,001 - $500,000",
        "amount_mid": 375000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$250,001 - $500,000",
        "amount_mid": 375000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$250,001 - $500,000",
        "amount_mid": 375000.5,
        "txn_date": "2026-07-08",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$250,001 - $500,000",
        "amount_mid": 375000.5,
        "txn_date": "2026-07-08",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$100,001 - $250,000",
        "amount_mid": 175000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "purchase",
        "amount": "$100,001 - $250,000",
        "amount_mid": 175000.5,
        "txn_date": "2026-07-08",
        "disclosure_date": "2026-08-03",
        "notable": true
      },
      {
        "name": "Rick Scott",
        "chamber": "Senate",
        "ticker": "",
        "type": "sale",
        "amount": "$50,001 - $100,000",
        "amount_mid": 75000.5,
        "txn_date": "2026-07-13",
        "disclosure_date": "2026-08-03",
        "notable": true
      }
    ],
    "chambers": [
      "House",
      "Senate"
    ],
    "note": "Parsed STOCK Act disclosures (House + Senate), House, Senate chamber(s) with data in the last 50d. Disclosures LAG the actual trade by up to ~45 days (reporting window) \u2014 this is a map of what was FILED, not live positioning. Amount ranges are DISCLOSURE BUCKETS; all notional figures are midpoint ESTIMATES, not exact dollars. Descriptive only \u2014 no directional inference."
  },
  "scenarios": {
    "NQ": [
      "Acceptance above ON high 29949.5 puts PDH 29956.5 in question above.",
      "Rejection at 29949.5 leaves it as resistance, with 28831.5 and PDL 28831.5 below as support.",
      "Acceptance below ON low 28831.5 puts PDL 28831.5 in question below.",
      "Between 28831.5 and 29949.5, rangebound \u2014 the ON extremes are the edges to watch."
    ],
    "ES": [
      "Acceptance above ON high 7781 puts PDH 7786 in question above.",
      "Rejection at 7781 leaves it as resistance, with 7629.25 and PDL 7629.25 below as support.",
      "Acceptance below ON low 7629.25 puts PDL 7629.25 in question below.",
      "Between 7629.25 and 7781, rangebound \u2014 the ON extremes are the edges to watch."
    ],
    "GC": [
      "Acceptance above ON high 4141.6 puts PDH 4163.8 in question above.",
      "Rejection at 4141.6 leaves it as resistance, with 4097.9 and PDL 4097.9 below as support.",
      "Acceptance below ON low 4097.9 puts PDL 4097.9 in question below.",
      "Between 4097.9 and 4141.6, rangebound \u2014 the ON extremes are the edges to watch."
    ]
  },
  "charts": {
    "NQ": "NQ.png",
    "ES": "ES.png",
    "GC": "GC.png",
    "NQ_gamma": "NQ_gamma.png",
    "ES_gamma": "ES_gamma.png",
    "YM_gamma": "YM_gamma.png",
    "RTY_gamma": "RTY_gamma.png",
    "GC_gamma": "GC_gamma.png"
  },
  "catalyst_timeline": [
    "09:30 BST \u2014 Exports (blackout 09:25\u201309:35)",
    "09:30 BST \u2014 Imports (blackout 09:25\u201309:35)",
    "09:30 BST \u2014 Trade Balance (blackout 09:25\u201309:35)",
    "09:55 BST \u2014 Redbook (blackout 09:50\u201310:00)",
    "11:00 BST \u2014 All Car Sales (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 All Truck Sales (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 Durables Excluding Defense (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 Durables Excluding Transport (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 Factory Orders (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 Factory orders ex transportation (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 IBD/TIPP Economic Optimism (blackout 10:55\u201311:05)",
    "11:00 BST \u2014 JOLTS Job Openings (blackout 10:55\u201311:05)",
    "12:10 BST \u2014 Atlanta Fed GDPNow (blackout 12:05\u201312:15)",
    "12:30 BST \u2014 52-Week Bill Auction (blackout 12:25\u201312:35)",
    "17:30 BST \u2014 API Weekly Crude Oil Stock (blackout 17:25\u201317:35)"
  ],
  "material_filings": [],
  "overnight_digest": [
    "Chevron Stock Moves Higher on Strong Results -Shorting CVX Puts and Calls Works Here [Yahoo]",
    "Palantir Aims For 12th Straight Revenue Acceleration, But U.S. Growth Is Key [Yahoo]",
    "Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery [Yahoo]",
    "Analyst Report: Nasdaq Inc [Yahoo]",
    "Rivian Automotive Stock Asks The Market's Price For Sales That Do Not Yet Pay [Yahoo]"
  ],
  "data_quality_notes": [],
  "instruments": [
    "NQ",
    "ES",
    "GC"
  ]
}