Tech Takes Center Stage
by Tony Rago
Some weakness is showing up in tech after AMD and SanDisk earnings, and we’ll see how those names trade once the cash session opens. They’ve both been important contributors to the AI trade, so any sustained weakness could weigh on the NQ early. For the bulls, the key is defending 29,333 and reclaiming 29,500. If buyers can hold those levels, the recent momentum may still have room to continue. On the ES side, I want to see price stay above yesterday’s close at 7,750 and defend the pre-market low at 7,748.
If those support levels fail, we could finally see the deeper pullback many traders have been anticipating. That doesn’t automatically mean the trend has changed—it simply means the market may need to reset after an extended run. As always, there’s no need to predict it. Let the opening range develop, see who takes control, and trade the price action that unfolds. The best trades come from reacting to what the market is doing, not what we hope it will do. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
