OPEX in Play — Let the Tape Breathe
by Tony Rago
Big OPEX on deck after a wild, wave-filled week, and that alone can change the character of the tape. When options expire, positioning pressure often eases, which can lead to more two-sided trade and wider rotations. So far, bulls have done a solid job containing every push lower, but they haven’t been able to get a rally to stick. If that changes today, the upside test is a clean breakout and hold above 6,888 on ES and 25,612 on NQ — levels that would signal buyers finally gaining control instead of just defending.
On the flip side, bears still have their shot if they can press this back under 6,812 on ES and especially 25,000 on NQ. Those levels matter because losing them would shift the structure from balance into acceptance lower. I’m expecting a wide range kind of day — the type where patience beats prediction. Let it open, see who shows their hand, and trade what’s actually happening in front of you. Finish the week strong and stay sharp 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
