NQ Daily Outlook | November 12th, 2025E-mini Nasdaq-100 FuturesCME_MINI:NQ1!icixbtMost likely direction: Up (bullish) Why: Trend is still up on my read of structure. NY session pulled back deeper than expected and slipped under the black 50 EMA. I see it as a correction within the trend. I expect price to reclaim and trade back above the EMAs and continue higher. Scenarios: Preferred — Reclaim and continue: We push back above the EMAs, they curl up, and we get a break of structure to the upside. I’ll look to join on the first clean impulse → shallow correction → continuation above the EMAs. Retest then go: We dip a bit more, hold a higher low, then reclaim the EMAs. Once BOS up prints and EMAs fan upward, I lean long again. Bear alt: We stay trapped under the 50 EMA, fast EMAs roll over, and we print a BOS down (lower low). If that happens, I step back or treat it as range-to-down for the day. Bias: Bullish while we can reclaim and hold above the EMAs with upside BOS. If EMAs stay above price and structure flips down, I’ll pause the long idea.