Bulls Need to Bring It Today
by Tony Rago
More overnight drift to the downside, and the pressure is starting to build. Bulls struggled to buy the dip yesterday and hold the bounce, and now they run the risk of a full round trip back to the breakout that launched this move toward all-time highs. ES still has not made its all-time high on the current contract — 7,904 remains the ATH. At the open, I’ll be watching 31,106 on NQ and 7,800 on ES for potential tests. Those levels could give us some early clues about whether buyers are ready to step back in or if sellers are going to keep pressing.
Bulls need to bring it today. The bear case is pretty straightforward: hold price below 31,333 on NQ and 7,833 on ES and continue to keep the pressure on. If buyers can reclaim those levels and build some acceptance above them, we could see the tape stabilize and start working back higher. As always, let the opening range develop and don’t force the first move. Let’s see how we open and go from there! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
