S&P Technicals $ES_F $SPY (SPY 761 put floor held yesterday, 770 flips to Gamma +, Call Wall 775) S&P Futures (ES_F) are holding steady this morning after finding support Monday near last week’s low as rising 1-month VWAP continues to offer support (now 7713). A move below that level puts PoC at 7780 in focus and then a volume pocket move back to 7600 and recent 7585 lows in play. A falling wedge pattern has formed, above 7770/7780 can break higher and inflect positive with 7800 and 7850 in play. Expected Move today is 31 points.

Sep 29, 2026 · 11:35 AM UTC

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Replying to @OptionsHawk
That 770 gamma flip lines up with the 7713 VWAP shelf nicely. If spot clears 7770, dealers chasing deltas could push it straight into the 7800 call wall fast. Below 7713 though, bids thin out quick toward 7600.
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Replying to @OptionsHawk
Does the wedge still matter if breadth stays this thin, or does the VWAP just become the only level that counts until participation improves?
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