Pre-market observation notes for June 7, 2026: The range of 1515–1558 forms a demand zone providing support, with historical order concentration highly clustered near 1556, establishing the Point of Control (POC). A breakdown below this zone could trigger numerous stop-loss orders and lead to a rapid decline toward the new POC at 1380 (within the 1372–1450 demand zone), completing the fill of the Fair Value Gap (FVG) from May 21. If prices fail to rebound and instead break below 1270, the downtrend could become difficult to halt. However, I remain personally optimistic—this appears to be a daily-level retest. The sharp rally over the past two weeks has created many Low Volume Nodes (LVNs) that require re-absorption and repricing. My primary concern is that SNDK’s gamma exposure has turned clearly negative and shows signs of further expansion. This implies market makers may engage in short-selling, amplifying downside momentum. I will continue monitoring SNDK closely, watching its reaction at both demand zones.
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