Expansion — Now Can Bulls Hold It?
by Tony Rago
Well, we got the expansion out of that quiet consolidation. Big move almost like a relief valve finally letting go, and it happened on relatively low volume with minimal participation. Now comes the important part: can the bulls hold the line and close the week strong? If they can, we’re looking at back-to-back big weeks for the bulls and potentially new all-time highs for ES. That’s a strong tape, but after a move like this, I want to see how buyers handle the next test.
I’ll be watching for a pullback into 7,812/7,800 on ES or 30,106/30,000 on NQ to see if those levels can turn into support. Barring any headline that rocks the tape, I’m expecting a lower-volatility bullish session, but we still need price to prove it. Let the opening ranges develop and see who wants to take control. If the bulls can defend the key levels, we may have another strong finish on our hands. Let’s see how we open and go from there!
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
