Daily Analysis
Nasdaq (NQ) Futures: A Coil Under the All-Time High, With Retail Sales, Tesla, and a 48-Hour Iran Deadline Ahead (Apr 21)
Nasdaq futures coiled under 26,884 ATH after a 13-day win streak. Retail Sales Tuesday, TSLA earnings Wednesday, and a 48-hour Iran deadline set the binary map for NQ.
S&P 500 (ES) Futures: A Quiet Close After a 76-Point Gap, With Retail Sales and a 48-Hour Iran Deadline (Apr 21)
S&P 500 futures digested a 76-point Sunday gap on Iran escalation with plus 2.9 billion end-of-day institutional buying. Tuesday retail sales, Warsh hearing, TSLA earnings and a 48-hour Iran deadline set the map. Primary fade at 7,183 to 7,190.
S&P 500 (ES) Futures: The Gamma Cliff Beneath Record Highs
SPX 7,041 New All-Time High $15B+ Record Options Delta 99.3% 14-Day Stochastic Between 10:55 and 11:10 AM on Wednesday, roughly $4 billion in positive cumulative options delta printed across the S&P 500 in barely fifteen minutes. That burst came on top of the prior session’s approximately $15 billion reading, already the largest single-day figure ever […]
FOMC Day: What Institutional Delta Shift and VIX Expiry Signal for ES Futures
AlgoIndex Research | March 18, 2026 FOMC Day: What $2.2 Billion in Institutional Delta Shift and VIX Expiration Tell You About the Two-Phase Setup in ES Futures The Setup in 30 Seconds ES closed March 17 at 6,773 after a +0.68% session. But institutional hedging flow collapsed from -$81M to -$2.2B in cumulative delta during […]