NQ Traded Both Sides of Its PDM Before PPI

Friday, November 13, 2026

NQ's PDM is 28,348.375. PDM means the prior day's median. It is the midpoint of Thursday's regular session, 9:30 a.m. to 4:00 p.m. ET. Thursday's RTH high was 28,652.25. Thursday's RTH low was 28,044.50. Counting the overnight hours, Thursday's full-session low through the 16:00 ET cash close was 28,013.75, at 8:16 a.m. ET. NQ settled Thursday at 28,384.50, in premium over the PDM. It reopened at 6:00 p.m. ET at 28,399.25, still in premium. The 11:00 p.m. ET bar traded into discount under the PDM. NQ's low through the 6:49 a.m. ET bar was 28,243.25, at 3:58 a.m. ET. At the close of the 6:49 a.m. ET bar, NQ was at 28,435.25, in premium over the PDM.

Our expected move for NQ today runs from 27,960.33 to 28,808.67. The expected move is the range the options market is pricing for a set time. Through the 6:49 a.m. ET bar, NQ stayed inside it. ES also stayed inside its band of 7,540.71 to 7,689.79. ES traded on both sides of its PDM at 7,628.125 too. At the close of the 6:49 a.m. ET bar, ES was at 7,635.25, in premium over it.

News and price. The Producer Price Index for October comes out at 8:30 a.m. ET, from the Bureau of Labor Statistics. That is 3:30 a.m. HT. We print no forecast for it. We will watch where price sits against the PDM when it lands.

The PDM splits Thursday's RTH range in half. Over it, price is in premium. Under it, price is in discount. Each side can flip before the bell. That makes the PDM the first line to watch today.

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