Rate Cut Rally, Bulls in Control
by Tony Rago
Overnight we got new highs on the heels of the rate cut, and now all eyes are on 6700 for clues. As long as ES holds above 6677 and NQ stays over 24,500/24,612, I have to treat this as a dip-buy market. Break those levels, and we could be looking at a deeper pullback and even a retest of the FOMC lows.
Plan is simple: let it open, lean with the bulls until the key levels fail, and let the opening ranges set the tone. Stay sharp, trade what’s in front of you, and let’s crush it today.
Full breakdown is in today’s Pre-Market Playbook. Read it here and join me live in the TheoTrade main chat room at 10am Eastern.
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