FED Day: Less Is Moreby Tony Rago It’s FED Day, which means the playbook is simple — do less. Expect a whippy open that likely settles into a range while we wait for the 2pm announcement. The key today isn’t about catching every move — it’s about staying patient and trading the fallout this
Melt-Up Mode Continuesby Tony Rago The melt-up rolls on with fresh highs again. We may hang up here into FOMC — we’ll see how long the bulls can keep control. In a tape like this, you’ve got to stay objective. Forget what you want the market to do and trade what it is doing.
China Headlines Ignite the Openby Tony Rago Big gap at the open this morning on China trade news, and we’re already seeing momentum build. Gap fills sit at 6,826 on ES and 25,500 on NQ — key markers to watch once the cash session kicks in. Plan is simple: let it open, watch how price
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
