New Month, New Gameby Tony Rago A new month brings a fresh slate — and overnight volatility is already setting the tone. Big swings in the globex session often bleed into regular trading hours, and that raises the odds of a more dynamic tape today. I’ll be keying off the weekly opens at 6,938 on

Hey Trader,  Wednesday morning, the NQ printed a first-hour bar almost 500 handles wide. The DeepSeek selloff had arrived. Nvidia was down 17%. The tape was moving 10 points in a blink. And traders in my room wanted to know what to do. My answer was simple: nothing. “When the NQ gets a 50 ATR,

Friday Volatility — Trade What You Seeby Tony Rago It’s Friday and volatility is elevated, so this is a session that demands respect. PPI hit this morning and the market reacted bearishly, setting the tone early, but we’re not done with catalysts yet — PMI drops at 9:45, which means the first 30 minutes could

Earnings at the Wheelby Tony Rago META, MSFT, and TSLA all reported at the bell, and now it’s on the regular session to show its hand. Post-earnings reactions can bring fast rotations early, so a whippy open wouldn’t be a surprise as positioning gets sorted. AAPL is still on deck at the bell and has

More Highs Into Fed Dayby Tony Rago We’re coming in with more overnight highs as we head straight into Fed day, and that shifts the focus away from prediction and toward reaction. Days like this are rarely about trying to game the decision — it’s the fallout from the press conference that usually sets the

Breakout Energy Into Key Inflectionsby Tony Rago Yesterday delivered a clean breakout session, and overnight price followed through by tagging two major inflection points — 7,000 on ES and 26,000 on NQ. Those are big, round-number areas where positioning and psychology often collide. We’ve got Consumer Confidence at 10am, which could be just enough of

Wide Range, Big Waves Aheadby Tony Rago A big overnight gap got filled early, and now we’re staring at a wide range that could easily turn into a day with some real movement. The key zone is 6,900 — lining up with both the weekly pivot and the weekly open, which makes it an important

Big Week, Tough Zoneby Tony Rago It’s Friday, and after a week of some outsized moves, we’re back into a familiar area where the bulls have struggled to finish the job. Following a strong run, this is the kind of zone that often invites consolidation rather than immediate continuation. We’ve seen several false breaks up

Headlines Fade, Buyers Step Inby Tony Rago A big save overnight as cooler headlines out of Davos around Greenland and EU tariffs helped stabilize risk. Markets ripped off the lows, and more importantly, held those gains into the overnight session — a sign that buyers were ready to step back in once the noise settled.

Pressure Still On — Levels Matterby Tony Rago Overnight weakness continues to lean on the tape, with ES bulls needing to hold a test of 6,796 to keep structure intact. That zone is important because it’s where buyers can show they’re still willing to defend value after repeated selling pressure. On the NQ side, bulls