Veterans Day — Bulls Have Levels to Defend
by Tony Rago
Happy Veterans Day to all of our veterans! Thank you for your service! 🙏 Price lifted overnight, leaving us with long inventory coming into the open. With today being a bank holiday, we could see bulls defend that overnight rally if they can hold above 7,562 in ES and the 28,000/28,106 area in NQ. The key levels for buyers are 7,577 and 7,562 in ES, along with 28,106 and 28,000 in NQ. For the bears, the job is to reject the 7,626/7,633 zone in ES and 28,412/28,500 in NQ. One important thing to watch: NQ is testing the 200-day moving average from below. If that test gets rejected, we could see sell programs kick in and add some pressure to the tape.
Keep it simple today. Bank holiday conditions can bring thinner participation, so don’t mistake every move for a meaningful change in direction. Let price show whether buyers can defend the overnight gains or sellers can take advantage of that 200-day test on NQ. Respect the levels, stay disciplined with risk, and avoid forcing trades in a market that may not offer the same conditions as a typical session. 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
