ES Hits New All-Time Highs
by Tony Rago
ES has officially printed new all-time highs, and it got there in what was basically a straight-line move. Since last week, we’re up roughly 300 points in a very short period of time. Can we go higher? Of course. But at these levels, that requires buyers to continue stepping in and pushing the market higher, and that’s a much bigger ask after such an aggressive run. Bulls are firmly in control, but I’d actually like to see price retrace some of this move and give us clues about where buyers are willing to defend. That’s where the next opportunity may reveal itself.
No picking tops. That’s the biggest takeaway here. If the market wants to continue higher, let it prove it. If a short setup develops, let it develop before jumping in front of the train. NQ is still lagging and remains a good distance from its own all-time highs, so the divergence between the two indexes is worth watching closely. Today should be interesting, and after a move like this, staying nimble matters. Keep your head on a swivel, respect the momentum, and let price show you the trade.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
