CPI Day: NQ Holds Above Its PDM

Tuesday, November 10, 2026

NQ held above its PDM all night. Now CPI lands one hour before the bell, and that report can move price a lot in one minute. NQ's PDM is 27,722.75. PDM means the prior day's median. It is the midpoint of Monday's regular session: (28,129.25 + 27,316.25) ÷ 2. Overnight NQ traded from a low of 27,869 to a high of 28,109. Its lowest print stayed 146.25 points over the PDM. As of 6:44 a.m. ET it sits at 27,914.75, under Monday's close.

Our expected move for NQ today runs from 27,589.70 to 28,439.30. The expected move is the range the options market is pricing for a set time. Today's band is measured from Monday's close, so it covers one day. That is why it is about half as wide as Monday's band, which counted the weekend. NQ's whole overnight session stayed inside it. ES is inside its band of 7,495.28 to 7,653.22, and over its own PDM at 7,528.125.

The October CPI inflation report comes out at 8:30 a.m. ET, which is 3:30 a.m. HT. The forecast is a 0.3% rise in prices for the month, and 0.2% for core prices, which leave out food and energy. This time there is no 12-month number, because prices were not collected in October 2025. Dow futures are up this morning. NQ is a little lower after Monday's big run.

Here is the plain why. Monday's range was wide, 813 points. The PDM is half of it. If NQ stays over 27,722.75 after CPI, buyers still own more than half of Monday's move. If it falls under, more than half is gone.

Members get the overnight sweep, the full expected-move map, our Key Levels for NQ and ES, and the plan for CPI and the open.