Monster Rally — Now What?
by Tony Rago
ES hit new highs yesterday on a monster rally, and the strength of the move surprised a lot of traders — myself included. I missed the bulk of the move, while NQ led the charge and was by far the strongest of the two. Now the question is whether we consolidate or continue from here. Back-to-back trend days after such a big move would be pretty rare, but as always, anything can happen. Bulls need to hold pullbacks to 30,612/30,500 on NQ and 7,788/7,777 on ES if they want to keep the momentum intact.
I’m going to stick to my plan: let the opening range guide us and go with price. After a move like yesterday, there’s no reason to chase or assume we have to get another trend day. Let the market show us whether buyers are still willing to step in or if we need some time to consolidate. The levels will give us the clues, and we’ll adjust from there. Let’s get after it! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
