Gaps Filled — Edge Still Up for Grabsby Tony Rago Roll gaps have now been filled on both ES and NQ, clearing out some of that unfinished business from the contract rollover. We’ve also got jobs data hitting this morning, which adds another variable as we head into the open. For now, price is still

New Week, Fresh Tapeby Tony Rago New week means new opportunity, and we officially roll into the H26 contracts today. There’s still respectable volume hanging out in Z25, so if that’s your comfort zone, you can work it for now — just be aware the transition itself can add a little noise. ES continues to

Tuesday afternoon, the bond auction hit the tape and the NQ ripped against my position. “I just took a full stop-loss on this trade.” No hesitation. No moving the stop. No hoping for a bounce. The market surged, my stop triggered, and I was out. I watched the trade I had been short move sharply

Holding the Line Into Fridayby Tony Rago Nice breakout above the weekly open sent ES up through 6,926, leaving that 6,933 tag unfinished — and the market rarely forgets unfinished business. We opened last night with a small gap down, putting the gap fill at 6,925, and bulls will want to defend a pullback into

Back to Balance — Range in Controlby Tony Rago Big overnight range and a full retrace of that FOMC spike puts us right back inside the same balance we’ve been trading for nearly two weeks. When a market retraces an entire catalyst move, it’s telling you the auction wasn’t ready to accept higher prices —

FED Day — Two Sessions in Oneby Tony Rago It’s FED Day with the FOMC rate decision at 2:00 p.m. and the press conference rolling in at 2:30, and that alone splits the session into two distinct tapes — pre-FED drift and post-FED volatility. Early action usually stays controlled as participants position lightly, and that’s

Carving the Range Before the Fedby Tony Rago We’re carving out a clean range as the market settles in ahead of tomorrow’s FOMC, and that usually means the first move isn’t always the real one. I’m expecting more range-bound action into the announcement, but the JOLTS release at 10 a.m. has enough weight to spark

FED Week on Deck — Time to Lock Inby Tony Rago New week, fresh tape, and plenty of opportunity as we roll into FED Week and kick off contract rollover — a combo that tends to stir up pockets of volatility. I’ll take the action as it comes, but the weekly opens are my anchors

Friday morning, I drew something on the chart I’ve watched play out thousands of times. “Contraction, expansion, retracement. Contraction, expansion, retracement. Right on and on and on to the break of dawn.” The entire week had been building toward that Friday breakout. Monday through Thursday, we chopped inside a tight range. The market was consolidating.

Stalled at the Top — Waiting for a Sparkby Tony Rago Quiet overnight action kept us pinned in a tight range, and the market is still consolidating up here without the kind of aggressive buyers needed to break through the top. At the same time, sellers aren’t showing much initiative either, which leaves us drifting