Gap Up to Start the Weekby Tony Rago Markets gapped up off the open and caught a clean rally from the weekly open — momentum carried over from Friday’s sharp reversal after rumors of a government shutdown resolution hit the wires. That kind of headline-driven move often stretches price quickly, leaving traders to sort

Three trades. Three minus three losses. Three consecutive paper cuts that added up to one clear message. “This tape just doesn’t want me in it. It does not want me in it at all.” Monday morning felt wrong from the start. The market wasn’t moving with conviction. Price action looked choppy. The levels I normally

  Same Story — Sellers in Controlby Tony Rago Pops keep getting sold, and the tape’s now pointing toward a test of 6,700 on ES and 25,000 on NQ. Bulls still can’t get traction, and with no jobs data on deck this morning, we could see more of the same—grind lower, fade the rips, and

Bulls Defend, Bears on Watchby Tony Rago Nice fade into the close yesterday brought us halfway back — and bulls stepped up fast. Now it’s on them to hold the line on pullbacks and push toward the previous highs. Bears need to show conviction and drive price below 6,800 on ES and 25,500 on NQ

  Gaps Filled — Bulls Hold the Edgeby Tony Rago All gaps are now filled on both ES and NQ, and it’s all about 6,800 on ES and 25,500 on NQ from here. Bulls have the upper hand if they can defend pullbacks and keep price firm above those key levels. ES just completed a

  Gap Filled — Now What?by Tony Rago Overnight weakness filled the 6,826 gap and dragged ES all the way down to the monthly pivot at 6,788. NQ still has an open gap at 25,526, and for bears to get there, they’ll need to defend 25,812 and convert 25,750 into resistance. It may take another

November Kickoff — Tech Leads the Wayby Tony Rago New week, new opportunities to make money — and a new month to boot. ES is still hanging just under 6,900, while NQ holds firm above its big 26,000 roundy. Tech’s trying to lead again, so the question is whether ES can follow or end up

Monday morning, 9:30 AM. The NASDAQ gaps up overnight. Big earnings on deck. FOMC looming. All-time highs across the board. A trader in my room asks where I think the market is going today. Here’s what I told him: “If anybody sits here and tells you they do, like at 9:30 in the morning when

Month-End Friday Fireworksby Tony Rago Last trading day of the month — and a Friday. Always a mix for potential volatility. Those gaps below are still out there, but AMZN and AAPL crushed earnings and are trying to hold the tape together, so keep a close eye on them for leadership. Watching 6,900 on ES

Post-FED Fallout Beginsby Tony Rago FED Day is behind us, and now we get to see how the fallout hits retail traders. Price couldn’t hold 6,926 as I type this, and sellers are finally stepping back into the tape. Could be a wild open, so patience is key. I’m planning to let it settle and