📋Morning Board 2026-09-04
Pre-open snapshot: prior close, VIX percentile, RSI(2), dealer gamma, expected range.
| Symbol | Prev close | Change | VIX / VXN (pct) | GEX ($B/1%) | Expected range |
|---|
| QQQ | $717.67 | +1.19% | 20.2 (17th pctile) | +3.47B flip 714.9 | 1.03% (0.63–1.74) |
| SPY | $773.17 | +1.05% | 14.3 (2nd pctile) | +2.54B flip 771.9 | 0.66% (0.38–1.16) |
QQQ RSI(2)79 stretched
QQQ vs 200-day+9.2%
QQQ GammaDealers long gamma (+$3.47B per 1% move), flip 714.9 sits 0.9% below spot
How to read this · VIX
σ Volatility Indices (VIX / VXN)
VIX = S&P 500 30-day implied volatility (maps to SPY); VXN = the same measure for the Nasdaq 100 (maps to QQQ). Percentile = share of the past year (252 trading days) that closed below the current value.
| Index |
Current |
Percentile |
1-year range |
As of |
| VIX · SPY |
14.32 |
2% pctile · Depressed (complacency) |
13.5 ─ median 17.2 ─ 31.1
|
2026-09-03 |
| VXN · QQQ |
20.16 |
17% pctile · Depressed (complacency) |
17.2 ─ median 23.3 ─ 33.5
|
2026-09-03 |
CBOE official daily closes (VIX from 1990, VXN from 2009). These are closing values, not intraday — the morning brief uses the prior session's close and the evening review the current close, so the series stays consistent with history with no point-in-time bias.
Full report: Morning report · Evening report
Research output, not investment advice.