ES
Eversource Energy
stock NYSE

That's why I go with 1DTE calls on ES futures.

ES reversal now??

SPY, ES, QQQ & NQ August 25th Trading Session Review

Dude, this is the definition of efficient markets, the best prediction is a martingale. That’s why a lot of pricing theory is even built around it. What all you refuse to realize an acknowledge is that the index is calculated using the weighted average of the underlying and not the SPX options market. The tail doesn’t wag the dog. The other channel is the macro via the futures market. That’s the classic ES -> SPY arb that moves prices. The ETF arb leg between SPY and constituents covers the rest and removes and misgivings. None of you understand this market structure and y’all just look at the chain. How can you even pick a level if the max on strike is purely 20 bps away from the martingale which is the naive prediction. You think gamma is some magic and call/out walls are some magic?

Doubt it's PDT, surely that's coincidental timing, if anything PDT removal should mean more volume, not less. It opens up day trading to smaller accounts, doesn't restrict it.
ATR and volume are down since August, lowest of the year so far, very grindy and I doubt that's just because of summer.
So far in August, maybe 2 bull breakouts, both got reclaimed. Bulls getting hammered, bears aren't getting much either, lack of more than 3 candles in a row in either direction and if they do, generally low distance achieved. Right now we're just sat sideways at the EMA20 (ES). Last few months were great though in terms of movement in both directions hopefully comes back to life soon.

The previous post was not quite understandable for some readers. Therefore a quick note before I went through every single step I took:
\- I rely on charting and primarily on key levels/metrics on /ES combined with probabilities / statistics.
\- I do not use a bunch of indicators, I try keeping my charts always clean.
\- As a daily trader, I do not have time to look at heatmaps for hours and do any gex/gamma analysis. So don't ask me for that. There are so many tools you can subscribe to. Decide on your own. I use one, which I find straightforward and which saves me time.
**Context:** SPX flipped into a real regime change overnight — POSITIVE gamma (net 0DTE GEX +$14.75B pre-market, building to +$17.4B by the open), a sharp reversal from the negative-gamma, put-heavy stretch that had dominated the prior two weeks. Positive gamma plus a call-heavy skew typically means dealers dampen moves rather than amplify them — good backdrop for fading a resistance level rather than chasing a breakout.
**Pre-market data:** \- GEX Regime: Positive Gamma, +$14.75B net 0DTE GEX - 0DTE Call Wall: 7,690 (Moderate) - 0DTE Put Wall: 7,650 (Fragile) - Gamma Flip: 7,656 — MODERATE, 32pts away - GEX Imbalance: 5.36:1, Call-Heavy
[ES early in the morning above Target 2.](https://preview.redd.it/w5a2z5frtjlh1.jpg?width=1738&format=pjpg&auto=webp&s=fa0e1924b69c04f43047b22cf2b57fe353e8da3b)

**05:20 AM:** ES pressing into the 7,698-7,700 zone, my own chart's 2nd Target. Entry wasn't the best possible one — ES spiked to 7,707 minutes later — but the point isn't catching the best fill, it's reacting to pre-defined levels and executing. Scaled into a 10-lot bear call spread combo: SPX 7720/7730 (4 contracts) and 7725/7735 (6 contracts).
The position dipped to -$275 shortly after entry as ES spiked toward the 3rd Target. Treated as a normal swing, not a thesis problem — with the level trusted, theta works in your favor from here. ES reversed right at the 7,700 zone at 04:52 AM. Today's real Daily Brief confirmed it independently — SPX Call Wall (GEX) 7,700, "largest positive gamma concentration, primary resistance" — and its own suggested setup was a Call Credit Spread at SPX 7720/7730, matching this trade almost exactly.
[Pic taken from www.gammawalls.com](https://preview.redd.it/88sx5qqvujlh1.jpg?width=1286&format=pjpg&auto=webp&s=e0b63d276476f49c05fb9525cf9f7ee64c72cba5)
**08:35 AM:** live GammaWalls scan confirmed the picture directly — Positive Gamma, 0DTE Call Wall 7,690 (Moderate), Put Wall 7,650 (Fragile), Flip 7,656 (Moderate). Switching to the 1DTE view showed Call Wall 7,650, Put Wall 7,600, both Moderate — internally consistent with the 0DTE read, and both matched my independent TradingView ES levels from the start of the session.
By market open the position was +$619, and by \~20 minutes into the cash session it had grown to +$816 — with a limit order already working to close the 7720/7730 leg at $0.15 and start locking in profit rather than holding for every last cent. At 10:00 AM the session high was already in, with a clean change of character printing right at the 7,690-7,700 zone — the GammaWalls Call Wall lining up directly with a heavy sell order block on the ES chart itself. Two independent methods, same level, all session.

Closed the 7720/7730 leg at $0.15, then the remaining leg at $0.10 roughly 30 minutes into the cash session. Final result: +$970 net, both legs done well before midday. Both spreads probably would have run to full credit if held — that wasn't the point.
https://preview.redd.it/irmou0slrklh1.png?width=1732&format=png&auto=webp&s=fd5c7a90232c412cfbce9c178bbce435392f3f17
**Key takeaway:** credit spread premium decays slowly in the last \~$0.20 — it takes a genuinely drastic reversal to kill that remainder to zero. There's no edge in holding full size all day to squeeze out pennies while continuing to risk profit that's already earned. Close what you can, when you can, and let the discipline do the work.
Later on I took one more credit spread with only 2 cons for $0.70 each, as the call wall was sitting and changing between the 7665 and 7690. So I shorted 7690. At around 7675 the marked showed several times problems of going higher.
And all positions expired full credit.
ES (SPX) Levels backed up by gex/gamma positioning is literally all I need for my trading. No fancy charts, not 10x screens, no 15 indicators. Levels and gamma positioning tracked via [gammawalls.com](http://gammawalls.com) throughout the session.
**Note:** I am able to trade SPX options overnight due to IBKR (tradable 20 hours a day). You should check your brokerage too.
And this is not a financial advice
Not financial advice — shared for educational purposes only.

Not exactly stop to BE immediately, because you will be stopped out too often, running up commissions.
I mean neutralise the risk overall asap - if you enter with precision as you say, go in with a partial bracket limit order at your first target (for me 4-6 ticks ES, 6-10 ticks GC), and when it hits the first target the stop moves to, say, minus two ticks from BE. You can experiment with this. BE would be hit too often while just beyond gives the trade more leeway while overall risk on the trade is minimal or even above BE. This should happen within a few minutes, so maybe even within the entry candle. This way you will be stopped out in chop with little damage, but will have a better chance of a free runner when it does come.

Fair enough. My system is profitable but the setups occur so rarely on ES these days that i find myself taking B setups and have to hyper-manage my risk.
I dont rlly believe in a perfect strategy bc i see the market as like the market could patch any strategy whenever it wants to so in the long term what is it worth yk,
Even tho i do have a strategy its just 80% rules for myself and 20% rules for the actual market

yup, on ES for me, too

damn that was dope i was short on ES and my target got hit in 1 second

That NQ/ES dump off of double top rejection is too obvious.

This is Day 1 of journaling on Reddit until I get funded.
Bias: Bearish until ES hit the weekly low.
NQ, 1:1 RR, Long
30s inversion targeting 15m unmitigated above
We had swept all the key levels on the sellside.
Es swept weekly low and I did not see no reason for price to flush any lower for the session plus we had room to re-balance price into toward the upside.
Mondays and fridays I take 1:1 only no matter how good the trade is.
Account at 50,300 USD.

SPY, ES, QQQ & NQ August 24th Trading Session Review

That's why I go with 1DTE calls on ES futures.

ES reversal now??

SPY, ES, QQQ & NQ August 25th Trading Session Review

Dude, this is the definition of efficient markets, the best prediction is a martingale. That’s why a lot of pricing theory is even built around it. What all you refuse to realize an acknowledge is that the index is calculated using the weighted average of the underlying and not the SPX options market. The tail doesn’t wag the dog. The other channel is the macro via the futures market. That’s the classic ES -> SPY arb that moves prices. The ETF arb leg between SPY and constituents covers the rest and removes and misgivings. None of you understand this market structure and y’all just look at the chain. How can you even pick a level if the max on strike is purely 20 bps away from the martingale which is the naive prediction. You think gamma is some magic and call/out walls are some magic?

Doubt it's PDT, surely that's coincidental timing, if anything PDT removal should mean more volume, not less. It opens up day trading to smaller accounts, doesn't restrict it.
ATR and volume are down since August, lowest of the year so far, very grindy and I doubt that's just because of summer.
So far in August, maybe 2 bull breakouts, both got reclaimed. Bulls getting hammered, bears aren't getting much either, lack of more than 3 candles in a row in either direction and if they do, generally low distance achieved. Right now we're just sat sideways at the EMA20 (ES). Last few months were great though in terms of movement in both directions hopefully comes back to life soon.

The previous post was not quite understandable for some readers. Therefore a quick note before I went through every single step I took:
\- I rely on charting and primarily on key levels/metrics on /ES combined with probabilities / statistics.
\- I do not use a bunch of indicators, I try keeping my charts always clean.
\- As a daily trader, I do not have time to look at heatmaps for hours and do any gex/gamma analysis. So don't ask me for that. There are so many tools you can subscribe to. Decide on your own. I use one, which I find straightforward and which saves me time.
**Context:** SPX flipped into a real regime change overnight — POSITIVE gamma (net 0DTE GEX +$14.75B pre-market, building to +$17.4B by the open), a sharp reversal from the negative-gamma, put-heavy stretch that had dominated the prior two weeks. Positive gamma plus a call-heavy skew typically means dealers dampen moves rather than amplify them — good backdrop for fading a resistance level rather than chasing a breakout.
**Pre-market data:** \- GEX Regime: Positive Gamma, +$14.75B net 0DTE GEX - 0DTE Call Wall: 7,690 (Moderate) - 0DTE Put Wall: 7,650 (Fragile) - Gamma Flip: 7,656 — MODERATE, 32pts away - GEX Imbalance: 5.36:1, Call-Heavy
[ES early in the morning above Target 2.](https://preview.redd.it/w5a2z5frtjlh1.jpg?width=1738&format=pjpg&auto=webp&s=fa0e1924b69c04f43047b22cf2b57fe353e8da3b)

**05:20 AM:** ES pressing into the 7,698-7,700 zone, my own chart's 2nd Target. Entry wasn't the best possible one — ES spiked to 7,707 minutes later — but the point isn't catching the best fill, it's reacting to pre-defined levels and executing. Scaled into a 10-lot bear call spread combo: SPX 7720/7730 (4 contracts) and 7725/7735 (6 contracts).
The position dipped to -$275 shortly after entry as ES spiked toward the 3rd Target. Treated as a normal swing, not a thesis problem — with the level trusted, theta works in your favor from here. ES reversed right at the 7,700 zone at 04:52 AM. Today's real Daily Brief confirmed it independently — SPX Call Wall (GEX) 7,700, "largest positive gamma concentration, primary resistance" — and its own suggested setup was a Call Credit Spread at SPX 7720/7730, matching this trade almost exactly.
[Pic taken from www.gammawalls.com](https://preview.redd.it/88sx5qqvujlh1.jpg?width=1286&format=pjpg&auto=webp&s=e0b63d276476f49c05fb9525cf9f7ee64c72cba5)
**08:35 AM:** live GammaWalls scan confirmed the picture directly — Positive Gamma, 0DTE Call Wall 7,690 (Moderate), Put Wall 7,650 (Fragile), Flip 7,656 (Moderate). Switching to the 1DTE view showed Call Wall 7,650, Put Wall 7,600, both Moderate — internally consistent with the 0DTE read, and both matched my independent TradingView ES levels from the start of the session.
By market open the position was +$619, and by \~20 minutes into the cash session it had grown to +$816 — with a limit order already working to close the 7720/7730 leg at $0.15 and start locking in profit rather than holding for every last cent. At 10:00 AM the session high was already in, with a clean change of character printing right at the 7,690-7,700 zone — the GammaWalls Call Wall lining up directly with a heavy sell order block on the ES chart itself. Two independent methods, same level, all session.

Closed the 7720/7730 leg at $0.15, then the remaining leg at $0.10 roughly 30 minutes into the cash session. Final result: +$970 net, both legs done well before midday. Both spreads probably would have run to full credit if held — that wasn't the point.
https://preview.redd.it/irmou0slrklh1.png?width=1732&format=png&auto=webp&s=fd5c7a90232c412cfbce9c178bbce435392f3f17
**Key takeaway:** credit spread premium decays slowly in the last \~$0.20 — it takes a genuinely drastic reversal to kill that remainder to zero. There's no edge in holding full size all day to squeeze out pennies while continuing to risk profit that's already earned. Close what you can, when you can, and let the discipline do the work.
Later on I took one more credit spread with only 2 cons for $0.70 each, as the call wall was sitting and changing between the 7665 and 7690. So I shorted 7690. At around 7675 the marked showed several times problems of going higher.
And all positions expired full credit.
ES (SPX) Levels backed up by gex/gamma positioning is literally all I need for my trading. No fancy charts, not 10x screens, no 15 indicators. Levels and gamma positioning tracked via [gammawalls.com](http://gammawalls.com) throughout the session.
**Note:** I am able to trade SPX options overnight due to IBKR (tradable 20 hours a day). You should check your brokerage too.
And this is not a financial advice
Not financial advice — shared for educational purposes only.

Not exactly stop to BE immediately, because you will be stopped out too often, running up commissions.
I mean neutralise the risk overall asap - if you enter with precision as you say, go in with a partial bracket limit order at your first target (for me 4-6 ticks ES, 6-10 ticks GC), and when it hits the first target the stop moves to, say, minus two ticks from BE. You can experiment with this. BE would be hit too often while just beyond gives the trade more leeway while overall risk on the trade is minimal or even above BE. This should happen within a few minutes, so maybe even within the entry candle. This way you will be stopped out in chop with little damage, but will have a better chance of a free runner when it does come.