Wednesday, September 3, 2025 – Tony’s Pre-Market Playbook

 

Bulls Back on Top — But Not Clear Yet
by Tony Rago

Bulls owned yesterday’s tape, pulling us back above 23,333 and 6,433. The key now is follow-through — they’ve got to stay on top of the weekly pivots and weekly opens. That means defending pullbacks to 23,250 on NQ and 6,426 on ES.

We’ve got JOLTS this morning as a preview of Friday’s payrolls, plus the Beige Book at 2pm, both of which can move markets. September is here, volatility is picking up, and the tape should give us opportunity. Bulls come into the open with the edge — but they’ve got hurdles above, so let’s see if they can clear them.

Full breakdown is in today’s Pre-Market Playbook.

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