πŸ“Œ Originally published at shunya.trade β€” View with interactive charts & tools.
Shunya.Trade Options Engine

United States Market Pre-Market Analysis

July 29, 202609:00 AM LocalReal-Time Market Data
Gold (GC)
4,078
+1.05%
Nasdaq 100 (NQ)
27,929
+0.03%
S&P 500 (ES)
7,467
+0.02%
Silver (SI)
57.48
+0.32%
Dollar Index (DX)
101
-0.05%
Dow Jones (DJI)
nan
nan%
Crude Oil (CL)
84.29
+6.35%
Natural Gas (NG)
2.70
+1.35%
Volatility Index — CBOE VIX
18.7% Moderate
Gold (GC)
Neutral
4,078
+1.05%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (46.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (4,071), the short-term trend channel favours continuation higher. RSI at 46 lingers below the midline β€” momentum remains in the bears' hands, though not yet at capitulation levels. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. Volume surges to 17.7x the 20-day mean β€” the tape is moving with purpose and broad participation.
Support / Resistance
Support3,962
Resistance4,592
Moving Averages
21-day SMA4,069
50-day SMA4,220
100-day SMA4,475
200-day SMA4,479
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 46.0 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)4,592
23.6%4,443
38.2%4,351
50.0%4,277
61.8%4,203
78.6%4,097
Low (100.0%)3,962
Extensions
ExtensionPrice
Ext 1.13 (Up)4,674
Ext 1.272 (Up)4,763
Ext 1.618 (Up)4,981
Ext 1.13 (Dn)3,881
Ext 1.272 (Dn)3,791
Ext 1.618 (Dn)3,574
Trade Setup
Entry
4,078
Stop Loss
4,047
Take Profit
4,142
Risk / Reward
2.0
Neutral
Top Options Strategies
Calendar Spread83%
Sell near-term + Buy far-term (same strike)
Long Strangle65%
Buy OTM Call + Buy OTM Put
Long Straddle65%
Buy ATM Call + Buy ATM Put
Nasdaq 100 (NQ)
Strong Bearish
27,929
+0.03%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (24.4)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (29,180), shifting short-term structure to defensive. The 24 RSI reading places the asset in the oversold zone. Watch for a bullish divergence β€” it would signal the selling wave is exhausting. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. Volume registers below average β€” the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support27,604
Resistance30,968
Moving Averages
21-day SMA29,244
50-day SMA29,571
100-day SMA27,827
200-day SMA26,596
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 24.4 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)30,968
23.6%30,174
38.2%29,683
50.0%29,286
61.8%28,889
78.6%28,324
Low (100.0%)27,604
Extensions
ExtensionPrice
Ext 1.13 (Up)31,405
Ext 1.272 (Up)31,883
Ext 1.618 (Up)33,047
Ext 1.13 (Dn)27,166
Ext 1.272 (Dn)26,688
Ext 1.618 (Dn)25,524
Trade Setup
Entry
27,929
Stop Loss
28,305
Take Profit
27,177
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put86%
Buy OTM Put
Put Ratio Backspread86%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread83%
Buy Put + Sell lower Put
S&P 500 (ES)
Strong Bearish
7,467
+0.02%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (36.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The break below the 20-day SMA at 7,532 opens the door to further downside probing. RSI at 37 lingers below the midline β€” momentum remains in the bears' hands, though not yet at capitulation levels. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. At 0.2x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support7,232
Resistance7,632
Moving Averages
21-day SMA7,533
50-day SMA7,503
100-day SMA7,227
200-day SMA7,044
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 36.6 confirms strong selling momentum, though nearing oversold territory.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
LevelPrice
High (0.0%)7,632
23.6%7,538
38.2%7,479
50.0%7,432
61.8%7,385
78.6%7,318
Low (100.0%)7,232
Extensions
ExtensionPrice
Ext 1.13 (Up)7,684
Ext 1.272 (Up)7,741
Ext 1.618 (Up)7,879
Ext 1.13 (Dn)7,180
Ext 1.272 (Dn)7,123
Ext 1.618 (Dn)6,985
Trade Setup
Entry
7,467
Stop Loss
7,515
Take Profit
7,370
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put77%
Buy OTM Put
Put Ratio Backspread77%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread74%
Buy Put + Sell lower Put
Silver (SI)
Strong Bearish
57.48
+0.32%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (58.64). The path of least resistance points lower until this level is recovered. With RSI at 41, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The MACD reading adds conviction to the long thesis β€” positive and expanding histogram with a bullish signal-line cross. At 12.2x normal volume, the flow data confirms institutional participation. This is a high-conviction move.
Support / Resistance
Support55.01
Resistance78.46
Moving Averages
21-day SMA58.68
50-day SMA64.98
100-day SMA71.03
200-day SMA69.80
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.7 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Confluence
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)78.46
23.6%72.93
38.2%69.51
50.0%66.74
61.8%63.97
78.6%60.03
Low (100.0%)55.01
Extensions
ExtensionPrice
Ext 1.13 (Up)81.51
Ext 1.272 (Up)84.84
Ext 1.618 (Up)92.96
Ext 1.13 (Dn)51.97
Ext 1.272 (Dn)48.64
Ext 1.618 (Dn)40.52
Trade Setup
Entry
57.48
Stop Loss
58.35
Take Profit
55.74
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put78%
Buy OTM Put
Put Ratio Backspread78%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread75%
Buy Put + Sell lower Put
Dollar Index (DX)
Strong Bullish
101
-0.05%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (56.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (101), maintaining the positive short-term trend channel. Momentum at 56 is in the sweet spot: bullish enough to confirm direction, not so extended as to warrant caution. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Quantitative screening across 31 structures identifies Long Call (76%) as today's top-ranked setup.
Support / Resistance
Support98.42
Resistance102
Moving Averages
21-day SMA101
50-day SMA100
100-day SMA99.64
200-day SMA99.11
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 56.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)102
23.6%101
38.2%101
50.0%100
61.8%99.71
78.6%99.14
Low (100.0%)98.42
Extensions
ExtensionPrice
Ext 1.13 (Up)102
Ext 1.272 (Up)103
Ext 1.618 (Up)104
Ext 1.13 (Dn)97.98
Ext 1.272 (Dn)97.50
Ext 1.618 (Dn)96.33
Trade Setup
Entry
101
Stop Loss
101
Take Profit
102
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call76%
Buy OTM Call
Call Ratio Backspread76%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread73%
Buy Call + Sell higher Call
Dow Jones (DJI)
Bearish
nan
nan%
Intraday
Bearish
Daily
Bearish
Weekly
Bullish
Monthly
Bullish
RSI (39.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (nan), the tape is in distribution mode. Sellers control the structure. At 39, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Long Put leads the strategy table at 66% β€” directional bias and vol regime both align.
Support / Resistance
Support49,236
Resistancenan
Moving Averages
21-day SMAnan
50-day SMAnan
100-day SMAnan
200-day SMAnan
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 39.4 confirms strong selling momentum, though nearing oversold territory.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)nan
23.6%nan
38.2%nan
50.0%nan
61.8%nan
78.6%nan
Low (100.0%)49,236
Extensions
ExtensionPrice
Ext 1.13 (Up)nan
Ext 1.272 (Up)nan
Ext 1.618 (Up)nan
Ext 1.13 (Dn)nan
Ext 1.272 (Dn)nan
Ext 1.618 (Dn)nan
Trade Setup
Entry
nan
Stop Loss
nan
Take Profit
nan
Risk / Reward
0
Sell
Top Options Strategies
Long Put66%
Buy OTM Put
Put Ratio Backspread66%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread63%
Buy Put + Sell lower Put
Crude Oil (CL)
Bullish
84.29
+6.35%
Intraday
Bullish
Daily
Bullish
Weekly
Bullish
Monthly
Bullish
RSI (65.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 78.72 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. The oscillator at 65 reflects sustained buying interest β€” bulls control the momentum channel. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support67.04
Resistance109
Moving Averages
21-day SMA78.28
50-day SMA83.17
100-day SMA90.22
200-day SMA75.54
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 65.0 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)109
23.6%99.46
38.2%93.26
50.0%88.26
61.8%83.25
78.6%76.12
Low (100.0%)67.04
Extensions
ExtensionPrice
Ext 1.13 (Up)115
Ext 1.272 (Up)121
Ext 1.618 (Up)136
Ext 1.13 (Dn)61.52
Ext 1.272 (Dn)55.50
Ext 1.618 (Dn)40.82
Trade Setup
Entry
84.29
Stop Loss
81.51
Take Profit
89.85
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call69%
Buy OTM Call
Call Ratio Backspread69%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread66%
Buy Call + Sell higher Call
Natural Gas (NG)
Strong Bearish
2.70
+1.35%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (26.8)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term weakness is evident with price trading below the 20-day SMA (2.96). Oversold at 27 β€” the tape has absorbed significant selling pressure. Defined-risk reversal plays gain merit. Momentum confirmation is bearish β€” MACD histogram negative and signal-line crossover pointing lower. Volume registers below average β€” the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support2.63
Resistance3.44
Moving Averages
21-day SMA2.97
50-day SMA3.08
100-day SMA2.96
200-day SMA3.44
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 26.8 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)3.44
23.6%3.25
38.2%3.13
50.0%3.04
61.8%2.94
78.6%2.81
Low (100.0%)2.63
Extensions
ExtensionPrice
Ext 1.13 (Up)3.55
Ext 1.272 (Up)3.66
Ext 1.618 (Up)3.94
Ext 1.13 (Dn)2.53
Ext 1.272 (Dn)2.42
Ext 1.618 (Dn)2.14
Trade Setup
Entry
2.70
Stop Loss
2.76
Take Profit
2.58
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put86%
Buy OTM Put
Put Ratio Backspread86%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread83%
Buy Put + Sell lower Put
Market Search Previews
Key Takeaway
Cross-reference CME open interest shifts against ES/NQ gamma exposure profiles for institutional flow-driven trade selection.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets β€” completely free.
Explore Shunya.Trade →
⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.