Wide Ranges, Big Waves
by Tony Rago
We’re right back inside those wide sideways zones, and the ranges remain big. With the VIX still sitting above 25, volatility hasn’t exactly packed its bags — which means we could easily see some larger waves again today. Bulls did their job yesterday by holding the line, but now they’ve got another task in front of them: reclaim and stay above 6,800 on ES and 25,000 on NQ. Those are the levels that start to stabilize the tape and shift momentum back toward the upside. Lose them, and things open back up underneath.
Below the surface, the bears still have their opportunity. If we slip under 6,750 on ES and 24,750 on NQ, short momentum can start to build again and press the market lower. That’s why the opening range matters so much today — it often tells you who’s ready to take control of the ball early. For now it’s a patience game. Let the structure form, watch how price reacts around these key zones, and then step in when the market shows its hand. Let’s get after it. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
