▚
MARKET SAVANT
PRE-MARKET BRIEFING · 2026-07-24 · 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 withheld — narrative failed no-direction gate
NQ
CHOP
middle third of range
Overnight range
28613.2 — 29283
PDH29283
PDL28432.5
Prior close28740.8
ATR157.39
EMA928696.6EMA2028829.9EMA5028980.7
OPTIONS / POSITIONING ▸
Exp. move (QQQ)± 8.535 · 1.23%
Exp. move 1w± 23.68 · 3.42%
Gamma flip395.125
Net GEX (est.)$1.81bn · net long gamma (est.)
Call gamma wall695
Put gamma wall690
Max pain707
P/C (OI)1.8884
P/C (vol)1.0107
Heaviest call OI725 · 720 · 730 · 715
Heaviest put OI700 · 685 · 680 · 650
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 29283 puts PDH 29283 in question above.
- Rejection at 29283 leaves it as resistance, with 28613.25 and PDL 28432.5 below as support.
- Acceptance below ON low 28613.25 puts PDL 28432.5 in question below.
- Between 28613.25 and 29283, rangebound — the ON extremes are the edges to watch.
ES
CHOP
lower third of range
Overnight range
7443.25 — 7550
PDH7550
PDL7411.75
Prior close7455.5
ATR25.23
EMA97454.28EMA207477.1EMA507502.93
OPTIONS / POSITIONING ▸
Exp. move (SPY)± 5.48 · 0.74%
Exp. move 1w± 14.895 · 2.02%
Gamma flip719.497
Net GEX (est.)$4.05bn · net long gamma (est.)
Call gamma wall745
Put gamma wall740
Max pain746
P/C (OI)1.4074
P/C (vol)1.2013
Heaviest call OI758 · 755 · 760 · 754
Heaviest put OI740 · 745 · 735 · 730
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 7550 puts PDH 7550 in question above.
- Rejection at 7550 leaves it as resistance, with 7443.25 and PDL 7411.75 below as support.
- Acceptance below ON low 7443.25 puts PDL 7411.75 in question below.
- Between 7443.25 and 7550, rangebound — the ON extremes are the edges to watch.
GC
CHOP
below EMA stack
lower third of range
Overnight range
4049.4 — 4144
PDH4144
PDL4042.3
Prior close4052.4
ATR15.49
EMA94058.71EMA204077.47EMA504088.67
OPTIONS / POSITIONING ▸
Exp. move (GLD)± 3.79 · 1.02%
Exp. move 1w± 10.075 · 2.71%
Gamma flip210.304
Net GEX (est.)$44m · net long gamma (est.)
Call gamma wall375
Put gamma wall370
Max pain375
P/C (OI)0.7172
P/C (vol)1.1768
Heaviest call OI380 · 400 · 413 · 382
Heaviest put OI340 · 350 · 370 · 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 4144 puts PDH 4144 in question above.
- Rejection at 4144 leaves it as resistance, with 4049.4 and PDL 4042.3 below as support.
- Acceptance below ON low 4049.4 puts PDL 4042.3 in question below.
- Between 4049.4 and 4144, rangebound — the ON extremes are the edges to watch.
Congressional Trading
1083 disclosures · 50d
STOCK Act disclosures · House, Senate
Net flow (est.)
-$13.35M
net selling (est.)
Purchases
850
$11.12M est.
Sales
228
$24.47M 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
BSX
6 filings · 5B/1S
$32K
MSFT
5 filings · 4B/1S
$116K
GOOG
5 filings · 4B/1S
$91K
NVDA
5 filings · 3B/2S
$51K
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: 2 Form-4 insider filing(s)
- META: 1 Form-4 insider filing(s)
Overnight Digest
- The oil spike everyone feared never showed up [Yahoo]
- What to Expect From Colgate-Palmolive's Next Quarterly Earnings Report [Yahoo]
- Walmart Stock’s Extended Downturn Could Trigger a Possible Comeback [Yahoo]
- Should You Buy Netflix Stock After Its Recent 48% Plunge? [Yahoo]
- Elon Musk doesn’t really buy stocks — but says these 2 picks will be ‘pretty valuable’ in the future. Build wealth now [Yahoo]
Sentiment Read
Tone: mixed (from 51 headlines).
Data quality notes
- ⚠ synthesis withheld — narrative failed no-direction gate