November 11th, 2026

NQ is currently trading around 28370.75, already above Tuesday's high of 28109.00 after an overnight rally, with Tuesday's low down at 27516.00. The dealer gamma flip converts to about 27786.00 in futures terms, so NQ sits well above it. Above the flip, ranges have tended to be calmer and moves more likely to fade, so a chase from these levels may not get much follow through. The level Rips is watching on air is the healthy bids zone between 28035.00 and 28052.25. Rips trades NQ live at 8AM ET, so tune in to see how he plays the open.

ES is currently trading around 7611.75, just above Tuesday's high of 7598.75, with Tuesday's low at 7493.00. The dealer gamma flip works out to roughly 7609.00 in futures terms, and ES is sitting barely above it. Above the flip, ranges have tended to be calmer, but with price this close, a slip back under it would put ES in the zone where moves have tended to run wider. The level Rips is watching on air is the healthy bids zone between 7579.00 and 7584.00. Catch the live show at 8AM ET for the full read on how the open sets up.

SPY is currently trading around 756.75, gapping up from Tuesday's 749.92 close and already above Monday's 755.42 high. That puts the first test right here at 757.07, the high from last Tuesday's session. If buyers can hold above that area after the open, the next stop is the 760 strike, where call open interest is heavy and where big blocks of Friday 760 puts changed hands on both sides of the market on Tuesday. Above that, 762.64 and 763.86 are earlier session references, with 765.97 as the stretch target.

If the gap starts to fade, 755.42 is the first spot buyers need to defend. A break below it opens a move back toward 752.69, Monday's close, and then 752.14, Tuesday's high. Losing that area would leave the gap mostly filled, with Tuesday's 749.92 close and the 744.86 low below. A quick return above 757.07 after any dip would weaken the downside case. With the cash bond market closed today, watch whether broad participation backs up the early bounce.

QQQ is currently trading around 687.75, up about two percent before the bell and pressing right into 688.69, the high from Tuesday of last week. If buyers clear that level and hold it, the 690 strike is next, a heavy open interest area that lines up with the 691.95 close from last Wednesday. Above that, the 700 strike carries one of the biggest open interest clusters near price and sits just under the 701.45 high from that same session, making it the stretch target.

On the downside, 685.28 is the first reference, matching an older session close and the 685 strike. A large block of 4,000 November 20 puts at that strike traded on Tuesday. Below it, 683.65 and 682.48 are recent highs, then the 680 strike, the heaviest open interest strike on the board, sitting right on Tuesday's 680.95 high. Losing 680 would put most of the overnight gain at risk. Reclaiming 688.69 after a dip keeps the upside case alive.

AAPL is currently trading around 346.50, slightly lower before the bell while most of tech climbs, and sitting right on Tuesday's 346.46 low. If buyers defend that area, the first recovery target is Tuesday's 348.51 close. Above that, the 350 strike, where options traders were net buyers of puts on Tuesday, lines up with Monday's 350.69 close. A reclaim of 350.69 and a hold above it would open the door toward 352.33, Monday's high.

If 346.46 gives way and price cannot get back above it, the next references are 345.79, last Friday's high, and 344.78, Monday's low. Below that sits 342.37, the Friday close, then the 340 strike, a notable put open interest level just above the 338.30 low from Friday. A move back above 348.51 would take a lot of pressure off the downside view. Relative weakness here on a strong tech morning is worth watching, because AAPL lagging can hold back the broader Nasdaq bounce.

MSFT is currently trading around 535.00, a small bounce from Tuesday's 533.16 close after Tuesday's slide from 544.19 to 526.37. Price is sitting right at the 535 strike, a meaningful open interest level, so it is a natural pivot for the open. If buyers hold 535 and push higher, 538.33 and 538.70 are the first hurdles, two recent references stacked close together. Clearing those opens a path back toward Tuesday's 544.19 high, with Monday's 548.28 high and the 550 strike, the largest open interest level nearby, above that.

If MSFT slips back under 533.16, the next reference is 530.61, last Friday's close, and options traders were net sellers of 530 puts on Tuesday. Below that, Tuesday's 526.37 low and Friday's 524.47 low form the support area that matters most, with the 520 put strike under it. A clean break of 524.47 would open more downside. Tuesday also saw one very large block of deep in the money November 20 calls worth about 30 million dollars change hands.

AMZN is currently trading around 271.75, a modest gain from Tuesday's 270.87 close and just under Tuesday's 272.88 high. If buyers push through 272.88, the next references are 273.23, last Thursday's high, and then the 275 strike, where call open interest is heavy and calls were net bought on Tuesday. That level sits right next to Monday's 275.34 high, so a hold above that zone would mark a fresh breakout from the recent range.

On the downside, the 270 strike is the key area to watch, since it carries the most open interest of any AMZN strike near price and sits next to Tuesday's close. Options traders were heavy net sellers of 270 puts on Tuesday. If AMZN loses 270 and cannot recover it, the next stops are 266.93, Monday's close, and Tuesday's 266.14 low, with the 265 strike right below. Losing 265 would weaken the recent recovery. AMZN has been one of the steadier Mag 7 names this week, and holding 270 keeps that pattern intact.

NVDA is currently trading around 176.25, up roughly four percent before the bell after two heavy down days that took it to a 165.89 low on Tuesday. That bounce already puts it above Tuesday's 174.69 high. If buyers hold the gain, the first targets are Monday's 178.67 close and 179.92 high, followed by the 180 strike, one of the biggest open interest levels on the board. A hold above 180 would open a move toward 181.46 and 181.60, the low and close from last Thursday.

If the bounce fades, 174.69 is the first spot to defend, then 173.97, Tuesday's open. Below that sits the 170 strike, another heavy open interest level right next to Monday's 170.24 low, and then Tuesday's 165.89 low. On Tuesday, options traders were net sellers of 175 calls, and a block of 25,000 November 20 calls at the 200 strike traded at the ask. Earnings are due next Tuesday after the close, and reports of an investigation tied to the CEO add to the swings.

GOOGL is currently trading around 291.00, up from Tuesday's 287.38 close and testing Tuesday's 292.02 high. If buyers push through 292.02 and hold it, the next references are 295.60, last Thursday's high, and then 296.33 and 296.49, highs from Monday and last Wednesday. Above that, the 300 strike stands out with heavy open interest and is the stretch target if the bounce has real strength behind it.

The 290 strike is the first downside level, since it holds the heaviest put open interest near price and lines up with last Friday's 290.49 high. Options traders were net sellers of 290 calls on Tuesday, so that strike has been active on both sides. If GOOGL slips under 290 and cannot recover, the next stops are 288.01, Monday's low, and Tuesday's 287.38 close, then 285.68, Tuesday's low. A drop under 285.68 would erase the overnight gain and then some. A return above 292.02 after a dip would keep buyers in control of the morning.

META is currently trading around 647.50, up from Tuesday's 641.39 close and right at the 647.28 high from Tuesday. That area has capped price for several sessions, with 647.25 on Monday and 648.04 back in late October. If buyers can finally clear 648.04 and hold it, the 650 strike is next, a heavy open interest level, followed by the 660 strike, where call open interest also stands out. A sustained move above that cluster would mark a real breakout from the past few weeks.

If META gets turned away at this ceiling again, 643.09 is the first reference below, then Tuesday's 641.39 close. Options traders were net sellers of calls between the 630 and 645 strikes on Tuesday, right around where price has stalled. Below the close sits Tuesday's 635.50 low and Monday's 630.00 low, with the 600 put strike much further down. A return above 648.04 after a dip would weaken the downside view. Watch META alongside NVDA, since both are trying to lead the tech bounce this morning.

TSLA is currently trading around 387.00, up from Tuesday's 379.78 close and above Monday's 382.20 high. If buyers keep control, the next level is the 390 strike, followed by 392.04, the high from last Wednesday. Above that, 398.50 marks the close from Tuesday of last week, and the 400 strike carries the heaviest call open interest on the board, which makes it the stretch target if the rally keeps building.

On the downside, 385.19 is the first reference, last Wednesday's close. Below it, Monday's 382.20 high and the 380 strike form the key support area, since 380 is one of the biggest open interest levels near price and matches Tuesday's 380.00 high. Options traders were net buyers of 372.50 puts on Tuesday, the most active put strike just below the market. If TSLA breaks under 380 and cannot recover, Tuesday's 370.40 low comes into view. A return above 392.04 after any dip would strengthen the case for a test of 400.

Today is Veterans Day, and the stock market is open on a normal schedule while the cash bond market is closed. There are no major scheduled U.S. economic releases today, so price action will likely be driven by overnight momentum and individual stock headlines. Futures are bouncing after CoreWeave results helped ease worries about AI spending, following Tuesday's hot October inflation report that pushed the 10 year Treasury yield to around 5 percent and weighed on tech.

Looking ahead, Initial Jobless Claims at 8:30AM ET Thursday and a 30 Year Bond Auction at 1:00PM ET Thursday will test that rate move, followed by PPI at 8:30AM ET Friday, which measures the prices businesses receive and can add to the inflation picture. NVDA reports next Tuesday after the close, and no other names in this memo report this week.

The Mag 7 are mostly higher premarket, with NVDA and TSLA leading while AAPL lags, and that mix matters because those names drive most of the Nasdaq 100. Watch whether the gap holds after the first hour, whether volume backs up the bounce, and whether buyers defend the levels they reclaimed overnight on the first pullback. Good luck, trade safely, and have a great Wednesday!

You can catch Rips every Monday through Friday at 8AM ET streaming live for FREE on YouTube at https://www.youtube.com/@RipsTrades and on Kick at https://kick.com/rips where he breaks down the markets in real time and helps traders level up.