Nasdaq-100 Futures Trader Report: Bear Trend, 11.5% Off High

A trading report published on TradingView for the December 2026 E-mini Nasdaq-100 futures contract (CME_MINI:NQZ2026) puts the session's Power Range high at 28,091.75 and the low at 28,017.75. The report, authored by the user mv3trader5 and dated for the 11/10/2026 session, gives the neutral zone spread at 165.5 points.

That spread matters for positioning. A 165.5-point neutral range on a contract whose session-open average true range reads 767.11 means the market's typical daily swing runs more than four and a half times the width of the neutral band. In plain terms: the report treats roughly 74 points between high and low as a no-clear-edge zone, while the contract routinely moves ten times that far.

What do the session statistics show?

As of 2:05 AM, the report lists the following open figures:

• Session open ATR: 767.11
• Volume: 65K
• Open interest: 289K
• Trend grade: Bear
• Distance from back-adjusted all-time high: -11.5%, rounded

The trend grade of "Bear" and the double-digit drawdown are the two numbers with the most weight. An 11.5% decline from the back-adjusted all-time high places the contract well past the informal 10% correction threshold traders commonly cite. The report does not say when that high was set, how the grade is calculated, or what would flip it — a gap readers should weigh before acting on the label.

Volume of 65K against open interest of 289K is also worth pausing on. Open interest sitting more than four times early-session volume suggests most positioned players have not yet closed contracts out, though the figure is a 2:05 AM snapshot and says nothing about how the session ends.

Which levels does the report flag?

The author rounds three key levels and explicitly frames them as ranges rather than precise triggers:

• Long: 32,282
• Mid: 29,785
• Short: 27,288

The current Power Range, sitting between 28,017.75 and 28,091.75, falls below the mid level of 29,785 and above the short level of 27,288 — consistent with the report's own bear grading, though the author stops short of calling direction. The gaps are wide: roughly 2,500 points separate the mid level from the long level, and about 1,700 points separate the current range from the short marker.

What events could move the contract?

The report flags two scheduled economic events for the session:

• 08:30 — CPI, both core month-over-month and year-over-year
• 13:00 — 10-Year Note Auction

CPI prints are standard volatility catalysts for index futures, and the author includes them without predicting the outcome. No forecast, consensus figure, or expected reaction accompanies either event in the note.

What does the author actually claim?

The disclaimer is explicit and worth quoting in full: "Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions."

The author also defines the report's shorthand: BA means back adjusted, BuZ and BeZ mean bull zone and bear zone, and NZ means neutral zone. The Fib extensions referenced in the title are used for target hunting, not for directional calls.

That disclaimer matches the content. The report offers levels, statistics and a bear trend grade, but no trade recommendation, no position sizing and no thesis on why the grade reads bear. Readers get a map, not a route — and with a CPI print ahead, the map may need redrawing by mid-morning.