NQ Swept Wednesday's RTH Low, Then Reclaimed It

Thursday, November 12, 2026

NQ swept Wednesday's RTH low at the reopen, then reclaimed it. NQ's PDM is 28,448. PDM means the prior day's median. It is the midpoint of Wednesday's regular session. Wednesday's RTH low was 28,199. Counting the overnight hours, Wednesday's full-session low was 27,847.75, set at 6:03 p.m. ET on Tuesday. NQ did not reach it. NQ traded under 28,199 in the first minute after the reopen. Its low through 7:20 a.m. ET was 28,131.75, at 6:15 p.m. ET. The 6:23 p.m. ET bar closed back over 28,199. Since then NQ has retested it, with a dip to 28,195 at 7:00 a.m. ET. At the close of the 7:20 a.m. ET bar, NQ was at 28,270.75, 177.25 points under the PDM.

Our expected move for NQ today runs from 28,074.73 to 28,871.77. The expected move is the range the options market is pricing for a set time. Through the 7:20 a.m. ET bar, NQ stayed inside it. Its low through 7:20 a.m. ET was 57.02 points over the band low. ES is inside its band of 7,570.55 to 7,710.45, but under its PDM at 7,632.375. ES's low through 7:20 a.m. ET, 7,600.50, was over Wednesday's RTH low at 7,593.25.

News and price. After Wednesday's close, The Wall Street Journal reported Nvidia's board may replace its CEO. At the 7:20 a.m. ET cutoff, NQ was about 0.71% below Wednesday's settlement; ES was about 0.33% below its settlement.

The PDM splits Wednesday's RTH range in half. Under 28,448, sellers own the top half of it. A swept low that gets reclaimed is a failed breakdown until price proves otherwise. That makes 28,199 the line to watch.

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