Post-FED Reality Check
by Tony Rago
The post-FED tape told the story yesterday. Sellers stepped in during the press conference, and it’s clear the market wasn’t thrilled with the new Chair’s message. That shift in tone was enough to knock the indexes off their highs and put buyers on the defensive. We’ve seen a decent bounce overnight that brings NQ back toward 30,500 and ES back near 7,550, but those levels are now critical. For bears, the goal is simple: keep price pinned beneath them and use that resistance to target the weekly opens sitting below. What was support yesterday can quickly become resistance today if sellers maintain control.
This is not a session to rush. We have a holiday-shortened week with tomorrow marking the final trading day before the break, and that often creates uneven participation and tricky price action. Patience will be key. Let the market open, let the opening ranges establish themselves, and see where value develops before getting too aggressive. If buyers can reclaim these key levels, the tone can shift quickly. If not, sellers may have an opportunity to press further into the weekly opens. Either way, let price lead the decision-making and focus on clean execution.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
– Tony
