Memory Loss on the Nasdaq
Two Nasdaq hourly buy levels overnight, and NQ went through both. The Dow ran its sell level and held its Weekly median. Chips sold, the Dow got bought, banks report and bonds reopen.
Tuesday, October 13, 2026
Our board put two buy levels under the Nasdaq overnight, and the Nasdaq went through both. NQ printed an hourly bull at 30673.75, dropped 69 points through it, bounced, printed another hourly bull at 30725.25 before 7 a.m. ET, and it's trading under that one too. The Dow did the opposite. It ran an hourly sell level, pulled back into its Weekly median, and buyers were waiting. All night the imbalance board sent 20 prints: 18 hourlies, 1 Daily, 1 Weekly, and MedianReclaim added 13 Daily median tags and 3 Weekly median tags. Every count is a Discord alert from imbalance-alert-router.
That's the morning in one line. Chips are getting sold and the Dow is getting bought. NQ is down 0.68% from Monday's close. YM is up 0.76%. When the index board splits like that, the weak side tells you more than the strong side.
The chip selling started in Asia. Asian chip stocks sold off overnight, and memory and chip names like Micron, AMD and Intel are under pressure premarket. On the other side, the Dow is holding up while the chip names get sold.
Cash Treasuries reopen today after Columbus Day. The big banks are reporting this morning. JPMorgan is already out, and CPI is tomorrow at 8:30 a.m. ET. That's a lot of news for a split tape.
Here's what the board printed, session by session, and what we're doing about it.
Asia: the Nasdaq buy level gives way
What printed on our board. Fourteen UW prints in Asia: 13 hourlies and 1 Daily. The first index print came at 7:11 p.m. ET: ES hourly bull 7853.75, touched at 7853.75. It didn't hold. ES slid to its overnight low of 7,836 at 10:44 p.m. Then at 9:47 p.m. NQ hourly bull 30673.75 (zone 30673.75–30705)
Related Articles
Bonds Off, Lids On
The board sent four hourly sell levels on ES, the Dow and the Russell overnight, and all four marked a high. The NQ hourly bull failed. Bonds are closed for Columbus Day, crude ran $3.70, and every contract is inside its expected move.
Fuse Out, Gold Bid
Spotter sent 9 hourlies overnight and only one on the index board: an NQ hourly bull that got overshot, then marked the low. Crude's fuse went out on Trump's Iran pledge, gold ran over its hourly bear to sit on top of its expected move, and ES ran Thursday's high and gave it back.
Long Bond, Short Fuse
Crude ran from $88.28 to 92.84 overnight, through the top of its expected move and onto the 2× band, on Iran strike reports and Hurricane Isaias shut-ins. ES is testing its 7810.25 Daily, RTY is under its daily and weekly expected-move lows. Claims 8:30, $22B 30-year auction 1:00.