Dow Up 600 Points. Other Indexes On Smoke Break. CPI Tomorrow. My Popcorn Ready. | SPX Market Briefing | 12 Nov 2025

Yesterday the Dow decided to lead a moon shot.

+1.25%. Nearly 600 points. Stood tall and proud.

Meanwhile ES, NQ, and RTY enjoyed a crafty smoke break whilst Dow did all the heavy lifting.

Here’s what’s happening:

ES looking to follow during premarket. NQ lagging (surprise). RTY lagging (not a surprise).

Tomorrow we get CPI data. Could this be “buy the rumor sell the news” event? Or will we just see complete and utter mayhem?

My popcorn is ready.

SPX continues bullish from the lower TnT setup at 6660 and chugging nicely toward the upper BB. Nothing clever or fancy needed. Just keep collecting that premium.

RUT also still bullish from Friday’s TnT setup. Price grinding between bear and bull AVWAP. Bullish breaks above 2470, bearish breaks below 2440.

Technically RUT has reached the projected target from the daily chart. Firming in buy range lows. Targeting range highs at 2540 which could see the bigger move shoot towards a crack at new ATH.

Fun times.

SPX. 30 Minutes. One Trade. Job Done.

Trade less. Profit more. This isn’t trading… it’s income engineering.

Unlock the SPX Strategy!

SPX Market Briefing:

Wednesday November reviews collective stock market standing tall as Dow led moon shot charge (+1.25% nearly 600 points) whilst other indexes enjoyed crafty smoke break with ES looking to follow premarket (NQ lagging surprise, RTY lagging not surprise), CPI data tomorrow creating buy-rumor-sell-news or complete-mayhem question (popcorn ready), SPX continuing bull from 6660 TnT low chugging toward upper BB (just collect premium), RUT hitting projected target grinding between 2470/2440 AVWAPs whilst targeting 2540 range highs for potential new ATH crack.

Current Multi-Market Status:

• ES: 6895.75, following Dow’s lead in premarket

• RTY: 2463.4, lagging, grinding between AVWAPs

• YM: 48,106, moon shot leader +1.25% nearly 600 points

• NQ: 25,798.00, lagging (surprise)

• CL: $60.70, back above $60 level

• GC: $4134.6, consolidating recent gains

• VIX: 17.14, continuing decline from elevated levels

• 2yr Bonds: 3.566%

• NYSE Advance-Decline: 728,000 (positive breadth)

Dow Moon Shot – Others On Smoke Break

The collective stock market stood tall and proud yesterday and the Dow led the charge for a moon shot.

YM: +1.25%, nearly 600 points.

Ending the day up… all whilst the other indexes enjoyed a crafty smoke break whilst Dow did all the heavy lifting.

ES, NQ, RTY sitting on the bench: “You got this, Dow. Carry on.”

Different indexes lead at different times. Sometimes one does the work whilst others rest. What matters: Dow’s 600-point move shows buying conviction exists. But narrow leadership (one index working, three resting) means be careful assuming broad market strength.

Current Status: Dow +600 moon shot, others took smoke break, narrow leadership visible

ES Following, NQ/RTY Lagging

ES is looking like it’s making a push to follow during the premarket session.

ES: 6895.75 premarket – attempting to follow Dow’s lead.

Whilst NQ (surprise) along with RTY (not a surprise) is lagging.

NQ lagging = noteworthy. Tech usually leads. When Nasdaq lags whilst Dow leads, it’s role reversal worth noting.

RTY lagging = expected. Uncle Russell’s been wobbling for weeks. Small caps continue their separate story.

Current Status: ES following premarket, NQ lagging (surprise), RTY lagging (not surprise)

CPI Tomorrow – Popcorn Ready

With the potential for some news out later this week (tomorrow) could this be a “buy the rumor sell the news” event – or will we just see complete and utter mayhem?

Thursday 13 November: CPI data

• Core CPI m/m: 0.3% forecast

• CPI m/m: 0.2% forecast

• CPI y/y: 3.0% forecast

Two scenarios:

Buy the rumor, sell the news: Markets already positioned. Data as expected. Initial pop, then profit-taking.

Complete and utter mayhem: CPI hotter or cooler than expected. Markets panic or rally hard. Chaos either way.

My popcorn is ready.

Premium collection strategies love volatility. Higher IV around news events = bigger premiums to collect. Up or down doesn’t matter.

Current Status: CPI tomorrow, two scenarios possible, popcorn ready, Premium strategies positioned for volatility

SPX – Just Keep Collecting Premium

SPX continues to bull its way from the lower TnT setup at 6660 and chug nicely along the route towards the upper BB.

Current: 6846.40

Friday’s TnT flip: Bullish above 6640.93. Support at 6660 holding. Target: Upper Bollinger Band. Route: Chugging along nicely.

Nothing clever or fancy needed, just keep collecting that premium.

When trend is established and price is behaving: Don’t overcomplicate. Don’t predict reversals. Don’t fight the move. Just execute mechanical rules and collect premium.

Current Status: SPX bullish from 6660, chugging to upper BB, just collect premium

RUT – Grinding AVWAPs, Targeting ATH

RUT also still bullish from the recent TnT setup last Friday.

Current: 2458.28

Only price does seem to be grinding between the bear and bull AVWAP – bullish breaks above 2470 and bearish breaks below 2440.

Two AVWAP levels defining range:

• 2470: Bull AVWAP – break above confirms bullish

• 2440: Bear AVWAP – break below signals bearish

Price squeezed between. Grinding. Testing. Deciding.

Technically we have seen RUT reach the projected target from the daily chart.

Bearish breakdown target: Hit ✓. Bears got their downside.

So we are firming in buy range lows and target the range highs which could see the bigger move shoot towards 2540 level and have a crack at a new ATH.

The setup: Daily target reached. Support firming. Range highs at 2540. Potential new all-time high attempt.

If RUT breaks above 2470 and confirms bullish, path opens toward 2540. From there, new ATH levels come into view.

Fun times.

Current Status: RUT grinding 2470/2440 AVWAPs, daily target hit, targeting 2540 for ATH crack

Trade well,
T2 Markets

p.s. Want full access to the SPX Income System(includes 7 mechanical income strategies)? Join our team now!

p.p.s. Want funding to DAY TRADE our options strategies? Discover how you can start trading with up to $250k of RISK FREE capital!