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

Headlines Hit — Who Controls the Close?by Tony Rago We’re opening the week with a sharp gap down on EU tariff headlines, putting early pressure on risk and forcing traders to answer the obvious question: is this a buyable dip, or the start of something heavier? The close matters today. Bulls need to reclaim and

The trade came together like it was supposed to. During my session with Blake earlier this week, we talked about a long against the 62 with the target at 26,000. The NQ came down, touched 62 to the tick, and ripped. That was a 50-handle trade without any real sweat. All you had to do

Expiration Energy — Stay Patientby Tony Rago Big options expiration on deck today, which means volatility has every reason to show up. We’ve spent the week rotating around the weekly pivots, and that dance could continue right into the open with another test. Those levels matter because they often act as decision points — above

Back to 7K — Volatility’s Not Doneby Tony Rago We’re back knocking on the 7,000 handle in ES and the 25,900 area in NQ pre-open after another night of aggressive overnight action. Big waves in this tape, with a lot of movement happening outside regular trading hours — and that matters. When overnight sessions do

Weekly Pivots in Playby Tony Rago PPI and retail sales hit this morning and price barely flinched — a muted reaction that tells you the market is waiting on something bigger. That puts the spotlight squarely on weekly pivots today and how price behaves around them. ES comes in with its weekly pivot at 6,973.67,