The 7,800 and 30,000 Battle
by Tony Rago
Quiet overnight session, with price clinging to the big 7,800 round number on ES and 30,000 on NQ. Those are the key lines in the sand for me today. Can the bulls convert these levels into support, or will the bears seal them off and push us back toward yesterday’s lows? That’s the battle heading into the open. If NQ can hold above 30,000, I’m looking for a move toward 30,250. On ES, sustained trade above 7,800 opens the door to 7,833. Those are the upside targets if buyers can establish control and follow through.
It’s Friday, and the overall trend is still down, so we need to see how price handles these big levels before getting too aggressive. A reclaim is one thing — holding above it is what matters. If buyers can’t maintain control, the bears may get another opportunity to press lower. Let the opening range develop, watch for acceptance or rejection around these round numbers, and trade what the market confirms. No need to predict the outcome before the tape gives us the answer. Let’s finish the week strong and get after it! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
