New Week, New Opportunities
by Tony Rago
New week, new opportunities to make money! We have a gap up from last night’s open, and ES still hasn’t filled that gap while NQ has already taken care of its own. NQ is clearly the weaker of the two right now, and that divergence is worth watching closely. Bulls need to defend the pre-market lows at 7,543 on ES and 28,383 on NQ. Lose those levels and we could revisit Friday’s close, which would put ES on a path toward filling its open gap. With the morning economic data still ahead, I’m going to let the market open and see how the initial reaction develops.
These two markets are seriously out of sync right now. I typically look to ES for leadership, but NQ has been dragging everything lower, so we need to see whether that relationship changes once the cash session gets underway. The opening range should give us some clues about who wants to take control. No need to force a bias before the market has shown its hand—let the levels and price action guide us. Let’s kick off the week strong! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
