TRADEHIVE INSTITUTIONAL COT REPORT E-MINI S&P 500 (ES) WEEK ENDING: JUNE 9, 2026 ROLLOVER-ADJUSTED READ SUMMARY This week’s ES COT report should not be read as a clean directional positioning signal. Open interest increased by +53,933, but because this is rollover week, the participation increase and spread changes are mechanically distorted. The key adjustment: This report reflects contract migration and repositioning more than pure directional conviction. ROLLOVER-ADJUSTED READ Raw open interest and spreading are temporarily unreliable. The more useful signals are: - Asset managers were nearly flat: longs +5,762, shorts +3,535.  - Leveraged funds covered shorts materially: shorts −40,537, longs +8,609.  - Dealers added shorts aggressively: shorts +69,213.  - Retail reduced both longs and shorts.  Full Report

TRADEHIVE INSTITUTIONAL COT REPORT NASDAQ-100 E-MINI (NQ) CFTC CODE: 209742 WEEK ENDING: JUNE 9, 2026 ROLL PERIOD ANALYSIS (JUNE → SEPTEMBER TRANSITION NEXT WEEK) OPEN INTEREST: 305,568 (-9,404 WoW) 1. IMPORTANT CONTEXT This report must be interpreted differently than a normal weekly COT report. We are currently entering rollover week, with the September contract becoming the lead contract next Tuesday. During rollover: - Open interest frequently contracts  - Positioning shifts between contract months  - Participation metrics become less reliable  - Large players begin transferring exposure into the next contract  As a result, this week's data should be viewed as a transition report rather than a pure directional report. The first September lead-month report next week will provide a much cleaner institutional read. Full Report

TRADEHIVE INSTITUTIONAL FRAMEWORK Friday June 12, 2026 ES: 7432.00 SPX: 7431.00 ZB: 112'18 SPX Dealer Positioning: Positive Gamma Call Wall: 7056.06 SUMMARY The market delivered exactly what institutional positioning suggested was possible after Wednesday's washout. The key development overnight is not the bounce itself. The key development is where the bounce stopped. ES rallied directly back into the 4-hour resistance cluster around 7430-7450 and is now attempting to hold those gains rather than immediately reversing. This is the first meaningful improvement in market structure since the liquidation began. At the same time, bonds have rallied aggressively from 111'18 to 112'18 over the last several sessions, signaling defensive positioning remains active beneath the surface. The market is no longer in free-fall. The market is now in the decision phase. Full Report

Overnight Global Macro Market Report Friday, June 12, 2026 Global Overview Markets enter Friday with a major shift in tone. The liquidation question has moved from “are sellers still in control?” to “did the washout complete and is macro now giving buyers a reason to press?” The key catalyst is Iran. President Trump canceled planned strikes on Iran and signaled that a U.S.-Iran peace framework may be near. Oil immediately fell more than 3%, with Brent near $87 and WTI near $84. That removes a major inflation and geopolitical pressure point from the tape. Full Report

TRADEHIVE DAILY INSTITUTIONAL FRAMEWORK June 11, 2026 ES: 7332.00 SPX: 7332.00 ZB: 111'25 SPX Dealer Positioning: Positive Gamma Call Wall: 7056.06 SUMMARY The market has finally reached the first area where institutional buyers are expected to defend inventory. Yesterday's liquidation successfully reached the 7300-7330 zone and the market has stopped going down. That is an important distinction. Selling pressure remains dominant on the higher timeframes, but the character of the market is changing from aggressive liquidation to attempted stabilization. The overnight session has not produced further downside expansion despite the extremely negative structure. That tells us sellers are becoming less efficient. The battle is no longer between buyers and trapped longs. The battle is now between: 1. Institutions attempting to establish value near 7300.  2. Trapped longs looking to sell rallies above 7400.  This creates a much different environment than we had 48 hours ago. Full Report