▚
MARKET SAVANT
PRE-MARKET BRIEFING · 2026-07-23 · context & synthesis, not a signal
MIXED / NEUTRAL
RANGEBOUND — ALL CHOP · Chicago Fed National Activity, Continuing Jobless Claims
3/3 boards CHOP · 0/3 trending
The Setup
⚠ synthesis unavailable — facts only, no narrative
NQ
CHOP
middle third of range
Overnight range
28961.2 — 29337.2
PDH29342.5
PDL28961.2
Prior close29169
ATR106.84
EMA929206.1EMA2029197.2EMA5029155.9
OPTIONS / POSITIONING ▸
Exp. move (QQQ)± 8.215 · 1.16%
Exp. move 1w± 21.26 · 3.01%
Gamma flip597.165
Net GEX (est.)$151m · net long gamma (est.)
Call gamma wall710
Put gamma wall703
Max pain704
P/C (OI)1.6967
P/C (vol)1.1982
Heaviest call OI725 · 724 · 721 · 710
Heaviest put OI535 · 525 · 650 · 675
Retail GEX estimate from QQQ ETF options as a proxy for NQ; dealer short-call/long-put sign assumption; QQQ ≠ index ≠ future — positioning map, not a measured dealer book.
SCENARIOS ▸
- Acceptance above ON high 29337.25 puts PDH 29342.5 in question above.
- Rejection at 29337.25 leaves it as resistance, with 28961.25 and PDL 28961.25 below as support.
- Acceptance below ON low 28961.25 puts PDL 28961.25 in question below.
- Between 28961.25 and 29337.25, rangebound — the ON extremes are the edges to watch.
ES
CHOP
middle third of range
Overnight range
7503.25 — 7553.75
PDH7563
PDL7503.25
Prior close7541
ATR16.54
EMA97542.34EMA207538.55EMA507532.62
OPTIONS / POSITIONING ▸
Exp. move (SPY)± 4.555 · 0.61%
Exp. move 1w± 11.925 · 1.60%
Gamma flip505.485
Net GEX (est.)$418m · net long gamma (est.)
Call gamma wall748
Put gamma wall748
Max pain748
P/C (OI)0.8488
P/C (vol)1.2412
Heaviest call OI763 · 769 · 770 · 765
Heaviest put OI728 · 730 · 727 · 714
Retail GEX estimate from SPY ETF options as a proxy for ES; dealer short-call/long-put sign assumption; SPY ≠ index ≠ future — positioning map, not a measured dealer book.
SCENARIOS ▸
- Acceptance above ON high 7553.75 puts PDH 7563 in question above.
- Rejection at 7553.75 leaves it as resistance, with 7503.25 and PDL 7503.25 below as support.
- Acceptance below ON low 7503.25 puts PDL 7503.25 in question below.
- Between 7503.25 and 7553.75, rangebound — the ON extremes are the edges to watch.
GC
CHOP
middle third of range
Overnight range
4081.1 — 4146.2
PDH4171.3
PDL4081.1
Prior close4134.9
ATR15.54
EMA94140.24EMA204129.52EMA504097.69
OPTIONS / POSITIONING ▸
Exp. move (GLD)± 4.515 · 1.19%
Exp. move 1w± 8.975 · 2.37%
Gamma flip210.001
Net GEX (est.)$-202m · net short gamma (est.)
Call gamma wall380
Put gamma wall375
Max pain375
P/C (OI)0.679
P/C (vol)0.5221
Heaviest call OI380 · 400 · 413 · 382
Heaviest put OI340 · 350 · 360 · 375
Retail GEX estimate from GLD ETF options as a proxy for GC; dealer short-call/long-put sign assumption; GLD ≠ index ≠ future — positioning map, not a measured dealer book.
SCENARIOS ▸
- Acceptance above ON high 4146.2 puts PDH 4171.3 in question above.
- Rejection at 4146.2 leaves it as resistance, with 4081.1 and PDL 4081.1 below as support.
- Acceptance below ON low 4081.1 puts PDL 4081.1 in question below.
- Between 4081.1 and 4146.2, rangebound — the ON extremes are the edges to watch.
Congressional Trading
1085 disclosures · 50d
STOCK Act disclosures · House, Senate
Net flow (est.)
-$13.36M
net selling (est.)
Purchases
850
$11.12M est.
Sales
230
$24.48M est.
Index-relevant net
$665K
20 buys · 11 sells
Top tickers by disclosures
AAPL
6 filings · 3B/3S
$318K
BRK.B
6 filings · 6B/0S
$140K
LPLA
6 filings · 6B/0S
$48K
HUBB
6 filings · 6B/0S
$48K
ABT
6 filings · 2B/4S
-$41K
BSX
6 filings · 5B/1S
$32K
ACN
6 filings · 3B/3S
-$7K
MSFT
5 filings · 4B/1S
$116K
Recent notable disclosures
Tim Moore
· PURCHASE T
Daniel Meuser
· PURCHASE SPCX
Thomas H Tuberville
· SALE AWK
Thomas H Tuberville
· SALE CSX
Thomas H Tuberville
· SALE DUK
Thomas H Tuberville
· SALE LMT
Thomas H Tuberville
· SALE MA
Thomas H Tuberville
· SALE NEE
Thomas H Tuberville
· SALE PFE
Thomas H Tuberville
· SALE PG
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) — 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 — no directional inference.
Catalyst Timeline
6 windows09:30 BST
Chicago Fed National ActivityTIER-1
+3 more at this time
BLACKOUT 09:25–09:35
11:30 BST
Natural Gas Storage
BLACKOUT 11:25–11:35
12:00 BST
KC Fed Composite IndexTIER-1
+1 more at this time
BLACKOUT 11:55–12:05
12:30 BST
4-Week Bill Auction
+1 more at this time
BLACKOUT 12:25–12:35
14:00 BST
10-Year TIPS Auction
BLACKOUT 13:55–14:05
17:30 BST
Fed's Balance SheetTIER-1
+1 more at this time
BLACKOUT 17:25–17:35
Material Filings
- GOOGL 8-K (items 2.02, 9.01) — filed Jul 22
- GOOGL: 1 Form-4 insider filing(s)
Overnight Digest
- AMD Is Expected to Unveil New AI Customers. One Detail Matters Most for AMD Stock. [Yahoo]
- How To Earn $500 A Month From 3M Stock Ahead Of Q2 Earnings [Yahoo]
- 3M Sparks Dow Jones, Flashes Buy Signal As Growth Accelerates [Yahoo]
- TSMC Plans To Raise Prices, Says Report. Stock Jumps. [Yahoo]
- Constellation Energy's Quarterly Earnings Preview: What You Need to Know [Yahoo]
Sentiment Read
Tone: risk_off (from 46 headlines).
Data quality notes
- ⚠ synthesis unavailable — facts only, no narrative