Waves Keep Rolling
by Tony Rago
Huge reversal off the monthly pivot yesterday, and bears owned the close once again — a reminder that there’s zero room for complacency in this kind of tape. This isn’t a scalper’s environment; these are full-body waves of volatility that can rip through intraday structure without warning. Coming into a Friday, if you’ve already booked a strong week, protect that capital. The market doesn’t owe us another trade, and tape like this punishes overconfidence fast. Early pre-market comments from Williams sparked a 60+ handle pop in ES — a perfect example of how quickly sentiment can flip when everyone’s leaning one way.
So the expectation remains the same: more big waves today, more emotional intraday swings, and plenty of opportunity if you keep risk at the top of the list. Trade what’s in front of you, not what you want to see — reaction around key levels will matter far more than headlines once the bell rings. These are the sessions where discipline pays the bills and patience keeps you out of trouble. Let’s get after it.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
