Gaps in Play — Bulls Eye 7200
by Tony Rago
Another strong week in the books for the bulls, and the tone hasn’t backed off. Overnight momentum stayed bid, with Intel earnings helping light a fire under the chip space and pushing that risk-on sentiment right back into the open. When semis lead, it tends to spill over into broader indices — and that’s exactly what we’re seeing. Now the focus shifts to how these opening gaps are handled. Gaps can act as magnets or rejection zones, and early price acceptance above them usually signals continuation. ES has its eyes on 7200 — a clean psychological level that also lines up with momentum extension if buyers stay in control.
There’s still headline risk floating around, no question — but the key tell right now is how the market is responding: it’s not. That shrug is strength. When markets absorb uncertainty without giving back ground, it often means positioning is still leaning higher. That said, chasing strength blindly isn’t the play — it’s about letting the open develop, seeing if buyers defend higher levels, and identifying where structure forms. If bulls stay in control, dips should be shallow and bought quickly. If not, those gaps can come back into play fast. Either way, stay patient and let the market tip its hand.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
