Friday morning, the market opened and several traders in my room captured 50 points before their coffee got cold. Four minutes into the session, they were done. Logged off. Day complete. The setup was textbook. The pit opening range broke higher. The cash level held exactly where it should. Price bounced from the 66 level
New Highs into the Closeby Tony Rago Econ data sparked fresh highs on both ES and NQ heading into the final stretch of the week. Now it’s about seeing if the bulls can defend those levels into the close. I’ll be letting it open and watching where we land — keep an eye on
TSLA Miss Shakes the Tapeby Tony Rago Nice move to the downside out of that consolidation. TSLA’s earnings miss on net income is setting up a gap down this morning — now it’s all about how retail reacts to it. Key levels to watch: on ES, the weekly open at 6,721 and the 6,700
Breakout or More Chop?by Tony Rago Yesterday was a clean consolidation day, and now we’ll see if today’s the one that breaks us out to new highs on both NQ and ES. I’m watching for a push above yesterday’s highs — but only if key support levels hold underneath. If those highs cap the
Tech Leads the Chargeby Tony Rago Yesterday gave us a clean gap-and-go that rewarded aggressive buyers. NQ is knocking on the door of new highs, while ES is still sitting just under 6,800. For now, NQ is leading the charge — and with tech earnings kicking off today, we might see a range form
Vol Still Alive to Start the Weekby Tony Rago New week, new chances to get paid. We opened above 6,712 on ES and 25,000 on NQ — key levels for the bulls to defend. I’ll be watching for reversals if we slip back under those. The move on the hourly is steep, so a pullback
This week tested me. Not because the market was impossible to trade—it wasn’t. But because the conditions demanded something most traders struggle with: patience. Let me show you what I mean. When the Setup Gets Invalidated Monday morning, I had my eye on a long at 77 on the NQ. Clean level. Setup forming. Order
Volatility Friday — Stay Sharpby Tony Rago Expecting a very volatile Friday, with an active news cycle as the government shutdown drags on and headlines keep flying. You’re not going to catch every move — and that’s fine. Don’t chase. Wait for your setup, take your shot, and stick to your process. Plan is
Range Mode Until Proven Otherwiseby Tony Rago ES is chopping between 6,700 and 6,742 — and we could live in this range for a bit. The moves have been clean, but this is the zone to break. Above 6,742 opens the door toward yesterday’s high near 6,766, while a break below 6,700 brings 6,650
Bulls Back in Controlby Tony Rago Big reversal yesterday, and we’re right back to 6,733 on ES and 25,000 on NQ. Overnight, bulls held control from start to finish. I’d like to see a pullback toward 24,833 and 6,700 for clues on whether buyers want to keep pressing. After a move like that, we
