Hot PPI — FED Day Playbook
by Tony Rago
PPI came in hot this morning, and the tape reacted exactly how you’d expect — pressure right out of the gate. NQ bulls have been putting in serious work lately, but the issue hasn’t been the push higher… it’s the inability to hold those rallies. That’s a sign of supply still sitting overhead, ready to lean when momentum stalls. When you see that kind of behavior, it tells you this isn’t a clean trend environment — it’s rotational, reactive, and level-dependent. Add in a FED day, and that uncertainty gets amplified, especially with price often stalling into the announcement before volatility expands hard into the presser.
This is where discipline matters more than anything. FED days can produce some of the most erratic price action you’ll see — sharp moves, quick reversals, and a lot of noise in between. If you’re trading, risk management isn’t optional today, it’s the entire game. Be patient, let the setups come to you, and don’t feel the need to force anything in the chop. Sometimes the best trade is stepping back and waiting for clarity after the dust settles. Stay sharp and protect capital — opportunities will come.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
