November 9th, 2026

NQ is currently trading around 27204.00, holding the middle of Friday's wide range. Friday's high at 27425.00 is the first upside reference, and Friday's low at 26366.50 marks the floor of that session. Dealers are short gamma across the whole NQ range this morning, with no flip level anywhere nearby, a setting where moves have tended to stretch further than usual, so give the open some room. Closer in, the healthy bids zone Rips is watching on air between 27037.50 and 27054.75 is the first area buyers may need to defend if the morning pulls back. Nvidia is weak before the bell, so expect the heavyweight tech names to drive the tone. Rips trades NQ live at 8AM ET, so tune in to see how he plays the open.

ES is currently trading around 7444.50, just under Friday's high at 7469.00, with Friday's low at 7322.25 as the lower reference. ES sits well below its dealer gamma flip near 7642.75, a setting where ranges have tended to be wider and moves can run further than usual. The healthy bids zone Rips is watching on air between 7430.50 and 7433.00 sits just below price, so a slip under it would put the morning gains to the test. Catch the live show for the full market read as the open unfolds.

SPY is currently trading around 740.00, up from Friday's 735.29 close and pressing toward Friday's high at 742.21. If buyers clear 742.21 and hold above it, price may have room to work back into last week's selloff range, with Thursday's high at 765.97 as a much larger stretch reference rather than a near target. Holding above Friday's close keeps the morning bounce intact.

If price slips back below 735.29 and cannot recover, the next references are Friday's low at 734.58 and Thursday's low at 732.71, the floor of last week's drop. Just below that low, the 730 strike is where options positioning is heaviest, so watch how price behaves if the drop reaches it. A break under 732.71 would put sellers back in control of the bigger picture. A return above 742.21 would weaken that downside view.

QQQ is currently trading around 659.25, above Friday's 656.10 close but lagging SPY this morning as Nvidia drags on the Nasdaq. Friday's high at 664.52 is the first level buyers would need to reclaim. If they push through and hold it, price could try to chip away at Thursday's heavy losses, though Thursday's high at 683.65 is a distant reference.

On the downside, losing 656.10 would put Friday's low at 653.99 in play, and below that Thursday's low at 647.05, the bottom of last week's slide. Between those two lows sits the 650 strike, where options positioning is heaviest by a wide margin. If price breaks 647.05 and cannot recover, the selloff could resume. Getting back above 664.52 would weaken that downside scenario and show buyers shrugging off the Nvidia news.

AAPL is currently trading around 344.50, just under Friday's high at 345.79. If buyers clear 345.79 and hold it, the next reference is the area from Wednesday's 354.50 high to Thursday's 355.38 high, where sellers turned the stock lower last week. The 345 strike, right next to Friday's high, carries heavy options positioning, so a clean push through that area would mean something.

If price fades back below Friday's 342.37 close and Thursday's 342.06 low, Friday's low at 338.30 becomes the key floor, with the 340 strike just above it holding the heaviest put positioning on the board. A break below 338.30 that cannot recover would open the door to a deeper pullback. A move back above 345.79 would weaken that downside view.

MSFT is currently trading around 541.50, already above Friday's 538.33 high after closing at 530.61. If buyers defend that 538.33 area on any early dip, price may work toward Wednesday's 555.80 close and Thursday's 557.62 high, the area where last week's drop began. Along the way, the 550 strike stands out as the heaviest options strike by far, sitting between today's price and that 555.80 close.

If price falls back under 538.33 and cannot recover, the gap could start to fill toward Friday's 530.61 close, with Friday's low at 524.47 below that. Losing 524.47 would put Microsoft at fresh lows for the week. Holding above 538.33 keeps the upside scenario in charge.

AMZN is currently trading around 266.50, one of the strongest Magnificent 7 names this morning and already above Friday's 264.18 high. If buyers hold the 264.18 area on a retest, price may stretch toward Wednesday's 271.49 high and then Thursday's 273.23 high. The 265 and 270 strikes carry the heaviest positioning near price, lining up with Friday's 264.18 high below and Wednesday's 271.49 high above.

If price slips back under 264.18 and cannot recover, the gap could fade toward Friday's 259.30 close and Friday's low at 258.53. A break below 258.53 would undo the morning strength entirely. A firm hold above 264.18 would weaken that downside scenario.

NVDA is currently trading around 175.50, down sharply before the bell after weekend headlines about a probe and questions over CEO Jensen Huang's future. That puts the stock below Thursday's 181.46 low and Friday's 185.22 low. If buyers can reclaim 181.46 and hold it, price may try to work back toward 185.22 and Friday's 186.64 close.

With price below every level from last week, there is no nearby chart floor, so expect wide swings while the news is digested. Options positioning gives some reference where the chart has none: the 180 strike, near Thursday's 181.46 low, holds the heaviest put open interest, with the 170 and 165 strikes below also heavy. On Friday, the largest single options trade was nearly 33,000 of the November 20 200 calls, which traded at the bid. If price cannot get back above 181.46, sellers stay in control. A return above 185.22 would seriously weaken the downside scenario. Keep an eye on whether Nvidia drags the whole chip group lower.

GOOGL is currently trading around 289.75, right at Friday's 290.49 high. If buyers push through 290.49 and hold it, the next references are Thursday's 295.60 high and Wednesday's 296.49 high, a ceiling that capped price last week. The 290 strike at Friday's high and the 300 strike just above that ceiling carry the heaviest options positioning.

If price fades back from 290.49, Friday's 284.78 close and Friday's 284.59 low are the first support area. Losing 284.59 and failing to recover would put Thursday's 277.07 low in view. A clean hold above 290.49 would weaken that downside view.

META is currently trading around 626.25, just above Friday's 625.60 high and well above its 610.15 close. If buyers defend 625.60, price may work toward Wednesday's 630.00 close and then Thursday's 634.99 high, with Wednesday's 643.09 high as a stretch reference. The 630 strike lines up with Wednesday's close and carries heavy call positioning.

If price drops back under 625.60 and cannot recover, the gap could fill toward Friday's 610.15 close and Friday's 606.66 low. A break below 606.66 would put sellers back in charge, with the 600 strike just under it as the heaviest options strike on the board. Holding 625.60 keeps the upside scenario alive.

TSLA is currently trading around 361.50, just below Friday's 363.84 high after a strong Friday bounce. If buyers clear 363.84 and hold it, price may try for Thursday's 374.30 high, where last week's slide picked up speed. The 362.5 strike sits right in that area with heavy call positioning, and the 380 strike above Thursday's high carries the most call open interest near price.

If price slips under Friday's 358.22 close and cannot recover, Friday's low at 347.60 is the next reference, with Thursday's 338.15 low below that. A break under 338.15 would reopen last week's downside. A move above 363.84 would weaken the bearish case.

Monday's calendar is light on major data. The NY Fed Inflation Expectations survey at 11:00AM ET is the main scheduled release, showing what consumers expect prices to do over the next year, which matters because higher expectations can keep pressure on interest rates. Treasury also sells 3 and 6 month bills at 11:30AM ET and a 3 Year Note auction at 1:00PM ET, and a weak auction could push yields up in the afternoon.

The big story is Nvidia, down sharply premarket on probe headlines, while Amazon, Meta, Microsoft and Alphabet are all higher. That split matters for NQ, because these heavyweights move the Nasdaq 100 together. Watch whether the rest of the group can hold its gains if Nvidia keeps sliding, and whether SPY can clear Friday's high. None of the Magnificent 7 report earnings this week, and Nvidia is next on November 17.

After last week's sharp drop, see if buyers can hold the levels they recover on the first pullback. Good luck, trade safely, and have a great Monday!

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.