Parabolic Tape Above 30K
by Tony Rago
More highs above 30K and this market is starting to feel truly parabolic. The move has been relentless, and at this point it’s becoming harder and harder for traders to get comfortable positioning against momentum. That’s exactly why patience matters here. Chasing extended moves can be just as dangerous as fighting them, especially in a tape moving this fast. We’re also getting some Iran headlines pre-market, which adds another layer of uncertainty and the potential for sharp reactions early in the session. When geopolitical headlines start hitting during an already stretched market, things can move quickly in both directions.
This is one of those days where letting the market open and settle is the right approach. The opening range should give us a much cleaner read on whether buyers still have complete control or if volatility starts pulling sellers into the tape. Either way, the goal remains the same — trade with price, not against it. There’s no need to predict reversals or force setups in an environment like this. Stay patient, stay disciplined, and let the market reveal where the real opportunities are hiding.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
