Bounce or Something More?
by Tony Rago
We’re seeing a bounce overnight, which is exactly what you’d expect after the kind of one-day rout we saw last week. The question now is whether buyers can build on it once the cash session opens or if this is simply a relief rally before more volatility shows up. After a sharp move lower, it’s easy to assume the market will continue bouncing, but that’s where traders can get into trouble. The focus today is making price prove it. Let the market show real acceptance higher before assuming the worst is behind us.
For me, today is all about patience. I plan to let the first 30 minutes play out and use that opening range to frame the day. Those early levels often tell you who has control and whether buyers are truly stepping back in with conviction. We’re kicking off a new week, and with the size of the recent moves, there could be plenty of opportunity ahead. The key is not rushing to find it. Stay disciplined, let the market come to you, and trade what you see instead of what you expect.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
– Tony
