Run the High, Hand It Back
NQ and YM both ran Friday's high overnight and handed it back. Our board sent 21 UW prints since the Sunday reopen, 7 on the index futures, and ES spent the night boxed between its hourly levels. Here's the frame for the open.
Monday, October 26, 2026
NQ opened the week by running Friday's high. It went 19 points through 29,326 in the first hour after the Sunday reopen, then handed it back. YM did the same thing a little after the London open, 42 points through Friday's high at 52,630, and handed that back too. Two highs run. Two highs returned. So who's in charge at the open: the run, or the return?
Our alert board had an answer before the price did. In the two hours after NQ gave back the high, MedianReclaim tagged three NQ Daily medians: the prior Daily median at 29156.5 at 7:27 p.m. ET, the Daily median at 29214.125 at 8:48 p.m. and the prior Daily lower median at 29051.75 at 8:55 p.m. That's the board marking NQ's trip back into Friday's range.
Here's the count. From the Sunday 6 p.m. ET reopen to the run, the UW board sent 21 prints: 20 hourlies, 1 Daily, 0 Weekly. Seven of them were on the index futures: four on ES, two on NQ, one on RTY. MedianReclaim sent 9 Daily median tags and 0 Weekly median tags, no repeats. Every count is a Discord alert from imbalance-alert-router.
And ES? ES didn't run anything. It spent the night boxed between its own hourly UW levels: 7671.25 and 7675.25 under it, 7679.75 and 7680.5 over it. ES was at 7,675.50 on two feeds just before 8:00 a.m. ET, right in the middle of that box.
No Mag 8 name reports after today's close or before Tuesday's open. MSFT and GOOGL report Wednesday after the close, and AMZN reports Thursday after the close. The Fed decision is Wednesday at 2:00 p.m. ET (8:00 a.m. Hawaii time).
Here's what printed, session by session, and what we're doing about it.
Asia: NQ runs
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