Author · brief 2026-06-22

@MrTopStep MrTopStep

Index-futures trader fusing market-profile flow mechanics with a macro/geopolitical overlay

Runs a daily futures game plan and trading room: morning mac

trader score
-2.01
hit rate
30%
mean α
-1.15%
signals 14d
166

Grade = how their written analysis reads (A best). Trader score = how their last-20 timestamped calls performed vs SPY. · Analyst brief as of 2026-06-22.

Their picks, scored

Across their last 20 scored bets: 30% hit rate, -1.15% mean alpha, trader score -2.01. Their last-14d mentions, direction-adjusted, have moved -1.3% since posting (mean over 87 mentions with price data).

Index-flow trader focused on witching, rebalances, and SPCX

MrTopStep is primarily trading index futures and event-driven flow, with disclosed long ES/NQ exposure, short CL exposure, and a forward ES target near 7600. The distinctive read is less single-name fundamental work and more market-structure timing: quad-witching, passive index rebalances, MOC imbalances, and options-expiration pressure. Late-week posture turned more tactical-bullish on ES despite repeatedly flagging historically negative witching and large sell-imbalance risk.

Themes5analyst read · 2026-06-22
Index futures levels and witching flows
mixedfading44 signals
Index rebalance and passive inclusion trades
mixedconsistent29 signals
⚠ 52% of theme signals are SPCX — flag pump risk
SPCX momentum and mega-cap comparison
bullfading32 signals
⚠ 47% of theme signals are SPCX — flag pump risk
Crude oil and Iran geopolitical risk
mixedintensifying5 signals
⚠ 80% of theme signals are CL — flag pump risk
Exchange and market-structure headlines
mixedconsistent3 signals
⚠ 67% of theme signals are CBOE — flag pump risk
Direction this week

Conviction is concentrated in index futures, especially ES, while the author also highlights witching-related downside seasonality and large sell imbalances. He disclosed long ES/NQ and short CL, then made a specific bullish ES 7600 call late in the window. Single-stock content is mostly event-flow oriented, with pump-risk concentration around SPCX options, valuation, and passive-buying headlines.

Position disclosures3skin in the game
ES Reports Barrons long ES position with size and P&L held
NQ Reports Barrons long NQ position with size and P&L held
CL Reports Barrons short CL position with size and P&L held
Best hypotheses5their highest-scoring claims in our index
Morgan Stanley’s SpaceX IPO involvement creates fee upside and brand value from a marquee private-market transaction.
bullHIGH5 co-supporters
VOO crossing $1T in assets validates its dominance, liquidity, investor adoption, and role as the core S&P 500 ETF.
bullHIGH12 co-supporters
Iran, Hormuz, oil, and broader geopolitical risks can keep volatility elevated and weigh on SPY risk appetite.
bearHIGH3 co-supporters
QQQ valuations and price action mirror the late dot-com bubble with Burry, Marks and Buffett-indicator-style warnings of
bearHIGH17 co-supporters
Stalling US-Iran negotiations and Hormuz disruption risk can sustain an oil risk premium and push crude higher.
bullMEDIUM4 co-supporters
Recent signals15receipts included
date (PT)tickerauthorsentwhat they saidsince thenreceipt
2026-07-02·@MrTopStep·Headline says gas prices fall, nuclear surges, and jobs report tests America.·
2026-07-02GS@MrTopStep+0.00Links Goldman discussion on how AI may impact the labor market.
2026-07-02·@MrTopStep·Reports total exchange imbalance as buy $15 billion.·
2026-07-02·@MrTopStep·Reports 3:50 buy imbalance of $11.5B NASDAQ and $2B NYSE.·
2026-07-02BOA@MrTopStep+0.00Video title says buy stocks, not the market; ticker formatting is ambiguous.·
2026-07-02MU@MrTopStep-0.45MU hit a high and then fell sharply intraday.
2026-07-02TSLA@MrTopStep-0.30Says TSLA is not enjoying the holiday, implying weak price action.
2026-07-01META@MrTopStep+0.25Bloomberg Tech headline says Meta will sell excess AI compute via cloud business.-4.9%
2026-07-01·@MrTopStep·Reports Nasdaq and S&P buy program dollar amounts.·
2026-07-01·@MrTopStep·Warns something crazy may come after prior ES drop and rally.·
2026-07-01·@MrTopStep·Suggests trading less around July 4 holiday due to thin screens.·
2026-07-01NVDA@MrTopStep+0.25NVDA and AVGO catching a bid intraday.-1.4%
2026-07-01AVGO@MrTopStep+0.25NVDA and AVGO catching a bid intraday.-2.4%
2026-07-01SPCX@MrTopStep-0.35INTC, SPCX, and MU underperforming after prior day's markup.·
2026-07-01MU@MrTopStep-0.35INTC, SPCX, and MU underperforming after prior day's markup.-5.5%

Grade is our human read-worthiness rating; trader score is a rolling 20-bet hit-rate/alpha composite — different things, often disagreeing. “Since then” is direction-unaware in the table; the summary line above adjusts for which way they leaned.