# H1: 2026-09-28 Date: 2026-09-28 23:09 URL: https://heniu.blog/en/h-log/hlog-2026-09-28/ Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). ---

H-LOG 2026.09.28 [EN]

📈 [2026-09-28 close]

H-LOG: the cash session (Spot) summary

This is a summary of the cash session (Spot) from 2026-09-28.

the NDX Star lost 1.08% brightness, closing at 30279.20, with a negative energy flow (CVD) of −139,26 M. the NQ Probe entered a lower orbit (-1.03%) with a close of 30570.75, while the QQQ structure weakened by 1.07% to the level of 736.53. All objects exceeded their daily range (ADR), reaching values above 125%. Background Radiation (TICKQ) at the close was -788.00, which, with the SMA200 at -68.91, indicates a deep decompression of the system. In the options sector, Put/Call OI was recorded at 1.40 and QQQ implied volatility (IV) was 19.53%.

H-Log report: session summary 2026-09-28

📈 [2026-09-28 21:07]

H-LOG: Professionals Report

the cash session (Spot)

Index and flow analysis: The market is under strong selling pressure. The NDX index is losing 0.95% (30318.31), with a simultaneous negative cumulative energy flow (CVD) at a level of -8.1 M, which confirms the dominance of distribution in the cash segment. The situation is deepened by QQQ (-0.96%) with a clear capital outflow (-677.93 K) and an extremely negative reading of the TICKQ indicator (-683.00), significantly deviating from the SMA200 average (-60.00), which indicates panic in the broad Nasdaq market.
Sentiment and correlation: The aggregate capital flow sentiment is -20, signaling the prevalence of outflows. A downward correlation is visible between the cash market and NQ contracts (-0.94%), although in futures contracts a minimal, almost neutral CVD activity (1.71 K) was recorded, which may suggest an attempt at stabilization on derivatives amidst the simultaneous sell-off of stocks.
Options and hedging market: In the QQQ options sector, a dominance of Put positions (PCR 1.10) was recorded with a volume of 8.46 mln contracts, indicating the building of hedges against further declines. Implied volatility (IV) at a level of 19.54% and the expected range of movement (733.27 – 743.47) suggest that the market is pricing current levels as a zone of high uncertainty, with a tendency to seek support in the lower registers of the range.

H-Log Report: 2026-09-28 21:07

📈 [2026-09-28 20:07]

H-LOG: Professionals Report

the cash session (Spot)

Index and flow analysis: The market is in a phase of strong distribution. The NDX index (-0.85%) and QQQ (-0.86%) are recording clear declines, which is confirmed by the negative cumulative energy flow (CVD) in the cash market: -11,7M for NDX and -604,69K for QQQ. The flow direction indicator is -20, confirming the dominance of selling pressure over buying pressure.
Broad market: An extremely negative Background Radiation (TICKQ) reading at -341.00 (with an SMA200 average of -54.78) indicates a deep, systemic sell-off in the broad Nasdaq sector.
Spot/Futures Relation: NQ contracts show a slight divergence from the cash market, falling by -0.85% with a nearly neutral CVD (869), suggesting a lack of significant buying activity in derivatives while there is a simultaneous strong outflow of capital from the underlying stocks.
Options market: A high Put/Call Ratio at 1.12 with a volume of 7,811,257 indicates a prevalence of hedging positions and increasing bearish sentiment. With implied volatility (IV) at 19.56%, the market is pricing the expected range of the QQQ movement between 731.26 – 742.26.

H-Log Report: 2026-09-28 20:07

📈 [2026-09-28 19:07]

H-LOG: Professionals Report

the cash session (Spot)

Index dynamics and flows: The market is under strong selling pressure. The NDX Star index and the Dyson Sphere (QQQ) ETF are recording declines at the level of -1.00%, which is reflected in the negative cumulative energy flow (CVD) for NDX amounting to -25,66 M and for QQQ at the level of -603,26 K. NQ Probes show a correlation with the cash market, falling by 0,99% with a CVD of -2,6 K.
Sentiment and broad market: The aggregate flow direction indicator is -40, confirming a clear dominance of capital distribution in the current cycle. The Background Radiation (TICKQ) indicator at the level of -61.00, located below the SMA200 average (-47.01), signals strong, negative dynamics in the broad Nasdaq sector.
Options market analysis: The QQQ options market indicates an increase in defensive sentiment – the Put/Call Ratio is 1.15, suggesting a dominance of hedging positions and expectations for further volatility. With implied volatility (IV) at the level of 19.68% and volume of 6,552,807, the market is pricing in an expected move range between 729.65 and 740.91 points.

H-Log Report: 2026-09-28 19:07

📈 [2026-09-28 18:07]

H-LOG: Professionals Report

the cash session (Spot)

Index and flow analysis: The market is in a phase of clear distribution. The NDX index (-1.23%) and QQQ (-1.23%) are recording declines, which is confirmed by negative cumulative flows (CVD NDX: -43,97 M; QQQ: -1,89 M). The market flow direction indicator is -35, confirming the dominance of supply over demand in the current session.
NQ Correlation: NQ futures contracts show a high correlation with the cash market, falling by 1.22% with a marginally lower negative CVD (-23,95 K), suggesting consistency of movement in both segments.
Broad market: The TICKQ indicator is 10.00, which, with an SMA200 average at the level of -38.22, indicates a temporary, technical correction within the broader downward trend, yet this does not change the overall negative sentiment.
Options market: A high Put/Call Ratio at the level of 1.28 with a volume of 4,854,451 indicates an increase in hedging or expectations for further downward pressure. Implied volatility (IV) at the level of 19.79% and the market-expected price range for QQQ (729.27 – 740.01) suggest a concentration of volatility around key support levels.

H-Log Report: 2026-09-28 18:07

📈 [2026-09-28 17:07]

H-LOG: Professionals Report

the cash session (Spot)

Market situation: The market is in a strong distribution phase. The NDX Star and NQ Probe contracts are recording a decrease of 1.39%, which is confirmed by negative cumulative energy flow (CVD) across all instruments: NDX (-53,27 M), QQQ (-2,19 M), and NQ (-30,15 K). The flow direction indicator is -27, confirming a clear dominance of selling over buying.
Broad market: The Background Radiation (TICKQ) indicator is -153,00, which, with a SMA200 average at -31,35, indicates extremely negative sentiment and strong supply pressure in the broad basket of Nasdaq stocks.
Options market: On the QQQ Dyson Sphere market, dominance of short positions was noted (Put/Call Ratio = 1,23) with volume exceeding 2.5 mln contracts. Implied volatility (IV) at a level of 19.55% and the expected movement range in the interval 731,92 – 742,42 suggest the building of hedges against further depreciation and preparation for increased volatility in the upcoming cycle.
Summary: Lack of signs of demand absorption; the market is executing a downward trend with strong liquidity support on the supply side.

H-Log Report: 2026-09-28 17:07

📈 [2026-09-28 16:07]

H-LOG: Professionals Report

the cash session (Spot)

Index and Flow Analysis: The market is under strong selling pressure. The NDX index (-0.97%) and NQ (-0.98%) show almost identical downward dynamics. Cumulative energy flow (CVD) on NDX is -23.45 M, which, combined with a simultaneous price drop, suggests active capital distribution. The aggregate flow direction indicator at -15 confirms the dominance of supply throughout the system.
Broad Market (TICKQ): The TICKQ indicator is 317.00, which, with an SMA200 average at -33.20, indicates a strong, short-term deviation from the trend, suggesting an attempt at a local rebound within the downward structure.
Options Market (QQQ): The hedging market is geared towards declines – the Put/Call Ratio is 1.26, which, with a volume of 304,485 contracts, testifies to the dominance of hedging or speculative positions for downside. Implied volatility (IV) at 19.98% indicates the market's expectation of greater movement dynamics, with the assumed range of the QQQ instrument between 733.96 – 745.02.

H-Log Report: 2026-09-28 16:07

📈 [2026-09-28 15:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Latest readings of the NDX index (+0,42%) and QQQ ETF (+0,46%) indicate a session close with an accumulation advantage (CVD NDX: 31,3M).
Futures (NQ): the NQ Probe is currently in a downtrend (-0,60%), with a cumulative CVD energy flow at the level of 510, which suggests testing demand in current after-hours trading.
Sentiment and flows: The aggregate capital flow direction indicator is 0, which means no clear dominance of one side and a neutral state in the current time window.
QQQ options market: Implied volatility (IV) at the level of 19,22% with a volume of 8,7M contracts indicates moderate volatility expectations. The Put/Call Ratio (0,98) suggests balanced sentiment, and the market is pricing a movement range within the 737,33 – 751,67 points interval.

H-Log Report: 2026-09-28 15:07

📈 [2026-09-28 14:07]

H-LOG: Professionals Report

the futures session

Futures market: NQ contracts show selling pressure, falling by 0.59% to the level of 30703.50. Cumulative energy flow (CVD) for NQ is close to zero (-38), suggesting testing of demand without a clear directional impulse in the futures trading itself.
the cash session (Spot): The cash session is closed. It is worth noting that at the close, the NDX index showed strong accumulation (CVD: 31,3 M) with a price increase of 0.42%, which may suggest passive absorption of supply at the end of the regular session.
Sentiment and flows: The aggregate flow direction index is -20, indicating a moderate dominance of capital distribution across the entire system.
QQQ options analysis: The options market shows neutral sentiment with a slight bearish tilt (Put/Call Ratio: 0,98). With implied volatility (IV) at 19,22% and a volume of 8,7 mln, the market prices the expected range of movement for the QQQ instrument in the 739,23 – 749,77 range.

H-Log Report: 2026-09-28 14:07

📈 [2026-09-28 13:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last readings of NDX (+0,42%) and QQQ (+0,46%) indicate the session closed with an accumulation advantage on the underlying index (CVD NDX: 31,3 M), while simultaneously testing demand for the ETF (CVD QQQ: -76,58 K).
Futures (NQ): the NQ Probe shows weakness relative to the close of the cash session, falling by 0,92% with negative cumulative energy flow (CVD) (-4,71 K), suggesting selling pressure in after-hours trading.
Sentiment and liquidity: The aggregate flow direction indicator is -20, signaling a dominance of capital distribution at the current moment.
QQQ options analysis: The options market prices implied volatility (IV) at 19,22%. With the Put/Call Ratio at 0,98, sentiment remains close to neutral with a slight tilt towards hedging. The market-expected range of movement for QQQ is within the 739,23 – 749,77 interval.

H-Log Report: 2026-09-28 13:07

📈 [2026-09-28 12:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. The latest NDX Star readings indicate a price increase of 0,42% with strong accumulation (CVD: 31,3M), suggesting passive absorption of supply before the session close.
NQ Contracts: In the futures session, we observe selling pressure. Contract prices are falling by 0,98% (30586.75), and the cumulative energy flow (CVD) is -7,24K, indicating testing of demand in current trading.
Sentiment and flows: The aggregate flow direction indicator is -20, signaling a predominance of capital distribution in the current time window.
the Dyson Sphere (QQQ) options market: Implied Volatility (IV) at the level of 19,22% with a Put/Call Volume ratio of 0,98 suggests a neutral market sentiment with a slight tendency toward building hedges. The expected range of movement for QQQ is within the interval 739,23 – 749,77.

H-Log Report: 2026-09-28 12:07

📈 [2026-09-28 11:07]

H-LOG: Professionals Report

the futures session

Futures market: the NQ Probe shows strong selling pressure, losing 1.04% (price: 30566.75). Cumulative energy flow (CVD) at -7,42K suggests testing demand in the current downtrend.
the cash session (Spot): the cash session is closed. It should be noted that despite the session close, the latest data from the cash market (NDX) indicated accumulation with a price increase of 0.42% (CVD: 31,3M), creating a divergence against the current declines in futures contracts.
Sentiment and flows: The aggregate flow direction index is -20, signaling a dominance of capital distribution and negative sentiment in the current time window.
the Dyson Sphere (QQQ) options market: Implied volatility (IV) at 19.22% with a volume of 8.7 mln contracts indicates moderate expectations regarding the amplitude of movement. A Put/Call Ratio of 0.98 suggests a close balance between the buying and selling sides, with the market expecting a QQQ movement range between 739.23 – 749.77.

H-Log Report: 2026-09-28 11:07

📈 [2026-09-28 10:07]

H-LOG: Professionals Report

the futures session

Futures market: the NQ Probe shows selling pressure, falling by 0,95% to the level of 30595.75. Cumulative energy flow (CVD) on contracts is -7,11K, indicating testing of demand in the current session.
the cash session (Spot): The cash session remains closed. It is worth noting the divergence between the session close and current futures trading – the NDX Star closed at the level of 30603.53 (+0,42%) with strong accumulation (CVD: 31,3M), while NQ contracts are currently losing value.
Sentiment and flows: The aggregate flow direction indicator is -20, signaling a moderate prevalence of capital distribution in the current time window.
QQQ options analysis: The options market shows a neutral-defensive sentiment (Put/Call Ratio: 0,98) with a high volume of 8.7 mln contracts. Implied Volatility (IV) at 19,22% and the expected range of movement (739,23 – 749,77) suggest consolidation within these boundaries and the building of hedges around current ETF support levels.

H-Log Report: 2026-09-28 10:07

📈 [2026-09-28 09:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot) is currently closed. Analysis is based on futures contract activity and data from the regular session close.
NQ contracts show selling pressure, falling by 0.89% with negative cumulative energy flow (CVD: -6.19K), indicating testing of demand in current after-hours trading.
Divergence in the cash market: Despite the session close, NDX data shows strong accumulation (CVD: 31.3M) with an index increase of 0.42%, suggesting passive absorption of supply before the close.
Sentiment and options: The aggregate flow direction indicator is -20, signaling a dominance of capital distribution. The QQQ options market with a volume of 8.7M and a Put/Call ratio of 0.98 indicates a near equilibrium between hedges and upside exposure. Implied volatility (IV) at the level of 19.22% suggests an expected move in the range of 739.23 – 749.77 points for QQQ.

H-Log Report: 2026-09-28 09:07

📈 [2026-09-28 08:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot) status: the cash session (Spot) is currently closed. The latest readings of the NDX index (+0,42%) and the QQQ ETF (+0,46%) indicate a session close with a dominance of accumulation (CVD NDX: 31,3M), however, in the current futures session, the main point of reference remains the trading of futures contracts.
NQ Probe analysis: NQ contracts show selling pressure, falling by 0,77% at a price of 30650.50. The cumulative energy flow (CVD) at a level of -4,98K suggests testing demand in the current price range.
Sentiment and flows: The aggregate flow direction indicator is -20, which signals a slight dominance of capital distribution in the current turnover.
the Dyson Sphere (QQQ) options market: Implied volatility (IV) at a level of 19,22% with a volume of 8,7 mln contracts indicates a stable market structure. The Put/Call Ratio of 0,98 suggests balanced sentiment between buyers and sellers, with the market's expected range of movement for QQQ in the range of 739,23 – 749,77.

H-Log Report: 2026-09-28 08:07

📈 [2026-09-28 07:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last NDX Star readings indicate a price increase of 0.42% with strong accumulation (CVD: 31,3M), suggesting passive absorption of supply before the session close.
NQ Contracts: The futures NQ Probe shows selling pressure; contract prices fell by 0.67% (30680.75), and the cumulative energy flow (CVD) is -3,72K, indicating testing of current demand in the pre-market session.
Sentiment and flows: The aggregate flow direction indicator is -20, signaling a predominance of distribution and negative market sentiment in the current time window.
the Dyson Sphere (QQQ) options market: Implied volatility (IV) at the level of 19,22% with a volume of 8,7 mln contracts indicates moderate expectations regarding volatility. Put/Call Ratio at the level of 0,98 suggests a close balance between hedging and upside exposure, with the expected movement range for QQQ within the limits of 739,23 – 749,77.

H-Log Report: 2026-09-28 07:07

📈 [2026-09-28 06:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last readings of the NDX index (+0,42%) and the QQQ ETF (+0,46%) indicate the close of the regular session in an upward trend, with strong capital accumulation in NDX (CVD: 31,3M).
Futures contracts (NQ): Selling pressure is currently being recorded. The NQ price is at the level of 30654,00 (-0,76%), which, with negative cumulative energy flow (CVD: -4,54K), suggests testing demand within the pre-market session.
Sentiment and flows: The aggregate flow direction indicator is -20, which indicates the dominance of capital distribution in the current time window.
Options market (QQQ): Implied volatility (IV) at the level of 19,22% with a Put/Call Volume ratio at the level of 0,98 suggests a neutral, slightly cautious sentiment. The market prices the expected range of movement in the 739,23 – 749,77 points interval, which defines key support and resistance zones for the underlying instrument.

H-Log Report: 2026-09-28 06:07

📈 [2026-09-28 05:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last readings of the NDX Star (30608.13, +0.42%) and the Dyson Sphere (QQQ) (744.45, +0.46%) indicate the session closed with a predominance of accumulation in the cash market (CVD NDX: 31,3 M).
Futures contracts (NQ): Currently the futures session shows selling pressure. The NQ Probe is at the level of 30697.00 (-0.62%), with a negative cumulative energy flow (CVD: -2,58 K), which suggests testing demand during after-hours trading.
Sentiment and flows: The aggregate flow direction index is -20, signaling a slight predominance of capital distribution at the current moment.
QQQ options analysis: The options market shows neutral sentiment with a slight predominance of put selling (Put/Call Ratio: 0.98). Implied Volatility (IV) at the level of 19.22% and a volume of 8,7 mln contracts suggest stabilization of expectations. The range of movement for QQQ is currently defined in the range 739.23 – 749.77.

H-Log Report: 2026-09-28 05:07

📈 [2026-09-28 04:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Latest readings for the NDX index (30608.13, +0.42%) and QQQ ETF (744.45, +0.46%) indicate a session close with an accumulation advantage in the underlying index (CVD NDX: 31,3 M).
NQ futures: Selling pressure is currently being recorded on NQ contracts (30728.50, -0.52%) with negative cumulative energy flow (CVD: -1,96 K), suggesting testing of support levels in after-hours trading.
Sentiment and flows: The aggregate flow direction indicator is -20, signaling a moderate advantage of capital distribution in the current time window.
QQQ options market: Implied volatility (IV) at a level of 19.22% with a Put/Call Ratio of 0.98 suggests a neutral sentiment with a slight tilt towards hedging. The market is pricing in an expected range of movement between 739.23 – 749.77.

H-Log Report: 2026-09-28 04:07

📈 [2026-09-28 03:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last readings of the NDX index (+0,42%) and the QQQ ETF (+0,46%) indicate the session closed with an accumulation bias, with the cumulative energy flow (CVD) for NDX at the 31,3M level confirming capital inflow in the sector.
Futures (NQ): In current after-hours trading, slight selling pressure is observed (price -0,30%), with the cumulative energy flow (CVD) at the 225 level indicating a neutral demand test.
Sentiment and flows: The aggregate capital flow direction index is 0, meaning total equilibrium between buying and selling forces at this moment.
Options market (QQQ): Implied volatility (IV) at the 19,22% level with a volume of 8,7 mln contracts suggests moderate expectations regarding market dynamics. The Put/Call ratio at the 0,98 level indicates a similar number of hedging and speculative positions, and the market is pricing a movement range within 739,23 – 749,77 pts.

H-Log Report: 2026-09-28 03:07

📈 [2026-09-28 02:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Latest readings of the NDX index (+0,42%) and the QQQ ETF (+0,46%) indicate a session close with an accumulation advantage on the cash market (CVD NDX: 31,3 M).
NQ Futures: Currently recording slight selling pressure (price -0,05%), with very low energy flow (CVD: 1,07 K), suggesting testing of demand under conditions of limited liquidity outside regular session.
Sentiment and flows: The aggregate flow direction index is 0, meaning neutral market sentiment and a lack of clear dominance by one side at this moment.
QQQ options analysis: Implied volatility (IV) at the level of 19,22% with a Put/Call Volume ratio of 0,98 indicates balanced sentiment and a lack of sharp expectations for extreme moves. The expected movement range for QQQ is shaped within the interval 739,23 – 749,77.

H-Log Report: 2026-09-28 02:07

📈 [2026-09-28 01:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Last readings of the NDX index (+0,42%) and QQQ ETF (+0,46%) indicate a session close with an accumulation advantage in the base sector (CVD NDX: 31,3M).
Futures (NQ): Currently recording slight selling pressure (price -0,30%; CVD: -1,13K), suggesting testing of demand levels in after-hours trading.
Sentiment and flows: The aggregate flow direction indicator is -20, indicating a moderate capital distribution advantage in the current micro-time window.
QQQ options market: Implied volatility (IV) at 19,22% with a volume of 8,7 mln contracts suggests a stabilization of expectations. The Put/Call ratio at 0,98 indicates a close balance between hedges and long positions, with the market-expected movement range for QQQ within 739,23 – 749,77.

H-Log Report: 2026-09-28 01:07

📈 [2026-09-28 00:07]

H-LOG: Professionals Report

the futures session

the cash session (Spot): Closed. Data from the regular session indicates strong accumulation on the NDX Star (CVD: 31,3M) with a price increase of 0,42%, suggesting a stable base for future sessions.
the NQ Probe (NQ): Currently recording a slight correction (-0,11%) at a price of 30855.25. Cumulative energy flow (CVD) at a level of 25 indicates testing of demand under conditions of low activity within the futures session.
Sentiment and liquidity: The aggregate flow direction indicator is 0, which means a lack of clear dominance by one side (neutral sentiment).
the Dyson Sphere (QQQ) options market: Implied volatility (IV) is 19,22%, and the Put/Call Ratio at a level of 0,98 suggests a similar balance between hedges and upside exposure. The expected range of movement for QQQ is within the interval 739.23 – 749.77.

H-Log Report: 2026-09-28 00:07