📋Morning Board 2026-09-23
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 | $747.46 | +0.81% | 20.2 (14th pctile) | +1.93B flip 741.0 | 1.00% (0.61–1.68) |
| SPY | $773.38 | -0.02% | 14.2 (2nd pctile) | +3.91B flip 770.3 | 0.59% (0.35–1.04) |
QQQ RSI(2)98 extreme
QQQ vs 200-day+11.8%
QQQ GammaDealers long gamma (+$1.93B per 1% move), flip 741.0 sits 0.6% 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 |
14.21 |
2% pctile · Depressed (complacency) |
13.5 ─ median 17.2 ─ 31.1
|
2026-09-22 |
| VXN · QQQ |
20.18 |
14% pctile · Depressed (complacency) |
17.2 ─ median 23.3 ─ 33.5
|
2026-09-22 |
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.