📋Morning Board 2026-09-18
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 | $716.92 | +1.73% | 20.0 (10th pctile) | +2.75B flip 715.8 | 1.02% (0.62–1.72) |
| SPY | $762.60 | +1.13% | 15.4 (15th pctile) | -0.94B flip 762.3 | 0.69% (0.41–1.22) |
QQQ RSI(2)86 stretched
QQQ vs 200-day+8.3%
QQQ GammaDealers long gamma (+$2.75B per 1% move), flip 715.8 sits 0.5% 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 |
15.44 |
15% pctile · Depressed (complacency) |
13.5 ─ median 17.2 ─ 31.1
|
2026-09-17 |
| VXN · QQQ |
19.96 |
10% pctile · Depressed (complacency) |
17.2 ─ median 23.3 ─ 33.5
|
2026-09-17 |
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.