Struggling to Sustain — Friday Test Aheadby Tony Rago We’re heading into Friday with the same theme — rallies just can’t stick. Price continues to fade strength, and now the focus shifts toward a potential 6600 test on ES, with yesterday’s low lining up as our overnight floor. That level matters because it’s where buyers

  Below the Weekly — Pressure Buildsby Tony Rago More weakness stepping in here as we trade below the weekly open — a level that often acts as a directional pivot for the broader session. Holding below it keeps sellers in control, reinforcing the current “sell-the-rally” environment. Crude continues to lean on the indexes, adding

Hot PPI — FED Day Playbookby Tony Rago PPI came in hot this morning, and the tape reacted exactly how you’d expect — pressure right out of the gate. NQ bulls have been putting in serious work lately, but the issue hasn’t been the push higher… it’s the inability to hold those rallies. That’s a

Pivot Held — Bulls in Control (For Now)by Tony Rago Bulls are stepping in right where they need to, defending the weekly pivot on both ES and NQ — a key level that often acts as a directional guide for the session. Holding above that zone into the open gives buyers the early edge, and

New Contract, Fresh Cluesby Tony Rago We’re officially rolling into the M contract starting today, which means traders will be navigating fresh levels and a new layer of positioning. One thing standing out early is the roll gap sitting below, which can act like a magnet for price if momentum starts leaning that direction. At

Hey trader, Friday morning, the NQ sliced through yesterday’s low like it wasn’t even there. Price was falling, the tape was ugly, and I was sitting in a classroom teaching a masterclass. “Believe me, I’m sitting here teaching a class and I’m looking out like, ‘I’m missing so much.'” The NQ was in free fall

Bulls on Noticeby Tony Rago Bulls are stepping into today’s session with some clear lines in the sand. On ES, the 6688–6685 zone is the area to watch — a pocket of support where buyers need to show up and stabilize price. When markets are under pressure, levels like this often become decision points: hold

Crude Driving the Tapeby Tony Rago Right now this tape is moving hand-in-hand with crude. It’s been a clear push-pull dynamic: when crude catches a bid, futures tend to soften, and when crude dips, equities find room to rip. That intermarket relationship is setting the tone early, so it’s worth keeping crude on the screen

Wide Ranges, Big Wavesby Tony Rago We’re right back inside those wide sideways zones, and the ranges remain big. With the VIX still sitting above 25, volatility hasn’t exactly packed its bags — which means we could easily see some larger waves again today. Bulls did their job yesterday by holding the line, but now

Relief Rally — Now It’s About Follow-Throughby Tony Rago Markets ripped higher yesterday on headlines suggesting the war could be nearing an end, sparking a powerful relief rally across the board. NQ exploded more than 1,000 points off the lows and powered all the way back toward the 25,000 level — a major psychological area