Prior Week Lows — Bulls Need to Reclaim
by Tony Rago
More weakness overnight. The prior week’s low held on NQ, while ES retested its prior week low in the pre-market. The ES prior week low is key today at 7,655. Bulls need to reclaim that level and move back toward 7,700. If 7,655 acts as resistance, we could roll down toward 7,612/7,600. Likewise, bulls need to keep the PWL held on NQ at 28,946 and work back toward 29,333/29,412.
That’s what I’m looking at today, but remember this is still a summer tape, and those are pretty big moves. We don’t need to predict which way it goes—we need to trade what we see. The reaction around 7,655 on ES should give us some important clues about whether buyers are ready to step in or sellers still have control. Let’s see how we open and deal with the 7,655 on ES.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
