NQ Kept Its Expected-Move Break and Ran Higher
NQ kept this morning's break over its expected-move high. It dipped under for 10 minutes, then ran to its 2x band as AI stocks bounced. ES joined it. Scorecard, alert board, Thursday's PDM and the plan into PPI.
Wednesday, November 11, 2026 · After the Close
NQ kept its break over the expected-move high today, and then it ran. Our morning prep had one line: the daily expected-move high at 28,251.50. NQ dipped under it for about 10 minutes. Its low was 28,199 at 4:50 AM HT / 9:50 AM ET. Then it took the line back and climbed to 28,697 at 8:45 AM HT / 1:45 PM ET. The last cash minute closed near 28,484.
The expected move is the range the options market prices for a set time. Today's NQ band ran from 27,419.00 to 28,251.50, measured from Tuesday's close. The 2x band is twice that move. Its top was 28,667.76. NQ traded above it as early as 1:21 PM ET and as late as 1:59 PM ET, then closed below it. PDM means the prior day's median. Today's NQ PDM was 27,803, the midpoint of Tuesday's session. NQ stayed at least 396 points over it all day.
The reason was a rebound in AI stocks. CoreWeave reported after Tuesday's close. Its sales beat forecasts, and it raised its full-year sales range. Its shares jumped about 25% today. The Nasdaq Composite gained about 1.6% and the S&P 500 about 1.3%. These are the stock indexes, not futures. It was also Veterans Day. Stocks were open, but the bond market was closed.
Tuesday's hot inflation report had pushed NQ down. Today it more than made that back. Its last cash minute closed about 649 points over Tuesday's settle at 27,835.25. One move like that can make the next day feel easy. It is not.
Members get the scorecard against this morning's prep, how ES joined NQ over its band, what our alert board sent, Thursday's PDM and the plan into Friday's next inflation report.
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