Morning Note · Tuesday, June 30, 2026
Pinned at the Call Wall
Sent to members at 8:30 AM ET on Jun 30, 2026. Posted here the next trading day.
Key numbers
- 7,447.56
- Premarket
SPX closed 7,440 yesterday — up 1.18% on the session. Premarket is 7,448, 2 points below the call wall at 7,450.
Monday's rally was broad. Dow closed at a record 52,182. Nasdaq surged 2.07%. The catalyst was the U.S.-Iran agreement to halt hostilities and reopen the Strait of Hormuz. VIX is 17.53 — barely moving. The 10-year is at 4.376%. JOLTS drops at 10:00 a.m. — last month's April print spiked to 7.618 million, well above the 6.88 million expected. Nike and Constellation Brands report after the close.
Premarket is 43 points above the gamma flip at 7,405. Positive gamma. The call wall at 7,450 is 2 points above — that's the ceiling until it breaks. The put wall at 7,400 is 48 points below, stacked right on top of the flip. The 21-week EMA at 7,181 is 267 points below — irrelevant until Friday.
If 7,450 clears and holds, the next leg higher opens up. If it doesn't, we chop between 7,440 and 7,450 until JOLTS decides.
Want this at 8:30 instead of the next day? Substack (paid, by email) or Alpha Pod (live, with the alerts).
Big Picture Levels
- 7,371
- 7,385 — 8-week EMA, 50-day SMA.
- 7,181
- 21-week EMA. Only Friday's close matters.
- 7,096
- 20-week SMA.
- 7,068
- 100-day SMA.
- 6,930
- 200-day SMA.
Today's Trading
- Primary range
- 7,419 – 7,497
- 7,513.95
- Prior demand. Resistance.
- 7,505.64
- Prior demand. Resistance.
- 7,499.47
- Prior demand. Resistance.
- 7,497.24
- Ceiling.
- 7,494.06
- Prior demand. Resistance.
- 7,488.18
- Prior demand. Resistance.
- 7,481.01
- Prior demand. Resistance.
- 7,476.82
- Prior demand. Resistance.
- 7,465.50
- Resistance.
- 7,457.31
- Prior demand. Resistance.
- 7,450
- Call wall. Magnet. Ceiling.
- 7,447.56
- Premarket.
- 7,444.78
- Near current price. 20 SMA (daily) area.
- 7,436.60
- Multi-session support.
- 7,429.22
- Multi-session support.
- 7,425.57
- Multi-session support.
- 7,419.43
- Floor. 13 EMA (daily) area.
- 7,412.42
- Multi-session support.
- 7,407.02
- 8 EMA (daily).
- 7,405
- Gamma flip. The regime line.
- 7,400
- Put wall.
- 7,384.88
- 8-week EMA area.
- 7,376.92
- Multi-session support.
- 7,371.41
- 50-day SMA.
GEX Profile (June 30, 2026)
- Call Wall
- 7,450. 7450 — 2 points above premarket. Magnet and resistance until it flips to support.
- Gamma Flip
- ~7,405. 7405 — 43 points below. Positive gamma as long as we hold above.
- Put Wall
- 7,400. 7400 — 48 points below premarket. Tight cluster with the flip at 7,405.
Call wall, gamma flip, put wall — what they mean and why they run the session.
Execution Levels
Long Plan
| Entry | Why | Targets |
|---|---|---|
| Dip Buy: 7,447 | Support. 1 points below premarket. | 7,457, 7,466, 7,477 |
| Second Bid: 7,437 | Support. | 7,448 (20 SMA), 7,457, 7,466 |
| Deep Bid: 7,400 | Put wall. Dense negative gamma. | 7,418 (13 EMA), 7,429, 7,448 (20 SMA) |
| Extreme: 7,385 | Support. Deep negative gamma. | 7,405 (flip), 7,418 (13 EMA), 7,429 |
| Reclaim: 7,497 | Through resistance. Extension toward the call wall. | 7,514 |
| Continuation: 7,514 | Extension. | 7,530, 7,540, 7,560 |
Short Plan
| Entry | Why | Targets |
|---|---|---|
| Fade pops to: 7,497 | Call wall. | 7,481, 7,466, 7,457 |
| Below 7,405 | Loss of the gamma flip. Regime shift to negative gamma. | 7,385 (8w EMA), 7,371 (50-day SMA), 7,360 |
| Below 7,400 | Loss of the put wall. Negative gamma accelerating. | 7,385 (8w EMA), 7,371 (50-day SMA), 7,360 |
| Breakdown: 7,407 | 8 EMA (daily). First MA break. | 7,385 (8w EMA), 7,371 (50-day SMA), 7,360 |
How the entry tiers and targets are built: the SPX 0DTE strategy guide.
VIX Levels
- 16.26
- 16.65
- 17.11 key
- 17.15
- 18.01 key
- 18.40
- 18.48
Educational research, not investment advice. Levels and the plan describe how the desk framed that session and are published after it closed.