Not too many people outside the trading community know what I do for a living. But inevitably, when markets end up on the nightly news, someone will ask the same question: “Must have been a good week for you, huh?” I don’t blame them. Few people actually understand the difference between traders and investors. Frankly,

Waves Keep Rollingby Tony Rago Huge reversal off the monthly pivot yesterday, and bears owned the close once again — a reminder that there’s zero room for complacency in this kind of tape. This isn’t a scalper’s environment; these are full-body waves of volatility that can rip through intraday structure without warning. Coming into a

  Launch Pad or Last Gasp?by Tony Rago NVDA handed the bulls a clean launch pad, letting ES reclaim that 6,700 zone — now the whole game is whether they can keep it. For ES, 6,700 is the must-hold with a line in the sand at 6,677; lose that, and momentum shifts right back to

Settle-Line Standoffby Tony Rago We’re opening right on the SETTLE levels for both ES and NQ, and that’s the pivot zone that decides the next leg for me. If buyers can hold these areas as support, they’ve got room to run; lose them, and bears step back into the driver’s seat. Underneath these levels it

Heavy Start to the Weekby Tony Rago New week, fresh opportunities — but the tape is coming in heavy again as we trade back into that 6,733 zone on ES and the big 25,000 round number on NQ. These are meaningful areas where buyers have stepped in before, so the open will tell us a

A trader texted me something this week that made me smile. He was watching the NQ during Wednesday’s session when price closed at 25,431 at 2:00 PM Eastern. The close above 25,412 opened the 25,500 level. Price dropped 150 points down to 25,350. Then it ripped straight back to 25,500. His text: “The Houdini show.

Back to the Lows — Heavy Tape Aheadby Tony Rago The tape is coming in heavy into the open — we’ve essentially round-tripped the entire week and are pressing back into last Friday’s low zone. The big question now: do buyers defend it again, or does this time break the pattern? With VIX pushing 22.82,

Shutdown Lifted — Now What?by Tony Rago With the shutdown officially over, the big question is whether buyers can turn that headline into real follow-through. Overnight markets couldn’t push to new highs and have since slipped back toward 25,500 on NQ and 6,850 on ES — two spots that have been key reference levels all

  Grind Back to the Highsby Tony Rago Overnight, ES tagged 6,900 as price continues to grind higher with shallow pullbacks that keep getting bought. The tape feels heavy with FOMO and bullish sentiment, and you can see it in how quickly buyers step in on every minor dip. Momentum’s strong, but it’s starting to

Veterans Day Momentum Checkby Tony Rago Thank you to all who have served — we appreciate you. 🇺🇸 After a strong rally off Friday’s lows, markets are opening the week stretched and due for some retracement or consolidation. The bigger picture remains bullish on the higher time frames, but after that kind of move, it’s