Intraday chart

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SPX intraday chart
NDX intraday chart
Rut intraday chart
ES intraday chart
NQ intraday chart

Intraday

Intraday price boundaries are dynamically calculated from the options market's real-time pricing of uncertainty. As IV shifts through the day, the bands tighten or widen to reflect what the market is paying for protection at each hour.

Use this chart to assess whether the current price move is routine (within bands) or unusual (approaching or exceeding them). Moves beyond the outer bands in the first half of the session are often mean-reverting. Moves that close near the outer band are more likely to persist.

Net Drift

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Net Drift

Cumulative call and put premium paid on near-dated ES and NQ options during NYSE regular hours. Green is net call premium drift; red is put premium drift. The blue line is the underlying future. Volume strip below shows cumulative contracts traded.

Rising put drift with falling price often marks bearish hedging flow. A late-session put spike near the close can show last-minute protection buys. Data refreshes every 30 minutes during RTH from Databento GLBX trades (DTE ≤ 7).

Greek Exposure · SPX POSITIVE EXPOSURE
SPOT 7,610 FLIP 7,564 Γ +34.09B V +10.15B Χ +11.43B VOM +4898.11B Σ +55.66B

Long gamma at 7,610; flip 7,564. Combined net +55.66B at spot.

Greek Exposure · SPX chart
Volatility Summary VOL TRANSITION
VIX 15.8 LEVEL VOL MID-RANGE VRP PREMIUM NORMAL SKEW TAIL PREMIUM NORMAL VVIX CONVEXITY NORMAL CORR CORRELATION FRAGMENTED

VIX 15.8 (18th pct vs 1Y) — vol mid-range. System composite: vol transition. VRP premium normal; skew tail premium normal; VVIX/VIX convexity normal; correlation correlation fragmented.

Volatility Summary chart
Macro Compass · Nowcast Q2 REFLATION
QUAD Q2 FROM PURE GROWTH +0.0% INFLATION +0.4% GROWTH Δ ACCELERATING INFL Δ ACCELERATING

Quad 2 — REFLATION. Growth is accelerating (+0.0%) while inflation is accelerating (+0.4%). Pure Reflation — growth and inflation both accelerating. Commodities, cyclicals, and value tend to lead; nominal assets compress in real terms and tightening risk builds.

Macro Compass · Nowcast chart
Credit Stress WIDE
HYG/LQD 0.73 Z-SCORE -1.7σ SIGNAL CAUTION

Credit spreads today (2026-06-02): the HYG/LQD ratio is 0.7336, with duration-residual z-scores of -1.67σ over 1 year and +0.77σ over 3 years. Spread regime WIDE (day 1) maps to a CAUTION credit read.

Credit Stress chart