ES Starts Over Friday's Middle
Our expected move puts ES at 7,479.95 to 7,748.05 today, and ES starts the week over Friday's middle at 7,635.625. 17 UW prints and 9 median tags since Friday. Here is the plan for the open.
Monday, November 2, 2026
Our expected move puts ES's range for today at 7,479.95 to 7,748.05. The expected move is the range the options market is pricing for a set time. ES starts the week near the middle of it. It also sits over Friday's middle at 7,635.625. We call that line the PDM. PDM means the prior day's median, the halfway point of the day before. NQ's band is 27,796.74 to 29,271.26, and NQ is inside it too. Can ES hold over its PDM at the open?
From Friday's 4:00 p.m. ET close to the run, the UW board sent 17 prints: 16 hourlies, 0 Daily, 1 Weekly. A UW print is an imbalance alert. It fires when price comes back to a level where buyers or sellers left a gap. None were on the index futures. MedianReclaim sent 9 median tags: 8 Daily and 1 Weekly. A median tag fires when price trades back to the middle of a day or week. None were on the index futures. Every count comes from imbalance-alert-router → Discord.
So the board was quiet on the indexes. That puts the focus on our Key Levels. Key Levels are the lines we mark every day: the prior day, the prior week and the bands.
Mag 8 earnings on deck
The Mag 8 are eight of the biggest stocks in the market. AAPL is the one that reports today. Our Key Levels and the expected move above are the map into the report. The UW imbalance alerts and MedianReclaim tags show where price reacts. Size for a gap, and let our levels decide, not the headline.
- AAPL reports Mon Nov 2, after the close.
Palantir also reports after today's close. Here is the plan, session by session.
After the bell and Asia: a
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