Jackson Hole Looms, Tape on Edge
by Tony Rago
Tomorrow is the big one — Powell at Jackson Hole, and the market’s bracing for volatility. Today looks like positioning ahead of that. ES is coming into the open under 6400, a level bulls must reclaim and hold to stay in control. On NQ, bulls need to defend 23,250 and make a push toward 23,500. Dip buyers stepped up yesterday and ripped us off the lows — but they’ll be tested again today.
Same plan applies: let the open shake out, watch the opening range and initial balance, and let the tape show who’s really in charge. Stay patient, keep it tight, and be ready for either side to take the reins ahead of tomorrow’s fireworks.
Full breakdown is inside today’s Pre-Market Playbook.
[file_download style=”2″][op_file_download_item title=”Thursday%2C%20August%2021%2C%202025%20-%20Tony’s%20Pre-Market%20Playbook” icon=”style1-Pdf-64×64.png” file=”https://theotrade.com/wp-content/uploads/2025/08/TonysPre-MarketPlaybook-08212025.pdf” package=”” level=”” new_window=”Y”][/op_file_download_item][/file_download]
