Friday, August 22, 2025 – Tony’s Pre-Market Playbook

Jackson Hole Sets the Tone
by Tony Rago

10am Eastern — that’s the whole story today. Powell’s speech is the main event, and everything else is just noise until then. Expect volatility, expect waves — and if we don’t get them, consider it a gift. More than the intraday swings, how we close today will matter most.

It’s Friday, and it’s a big one. Stay small until the market shows its hand. I’ll be flat into the speech and waiting for confirmation before leaning in. Same playbook applies: watch the initial balance, and look for breakouts or breakdowns around those levels.

👉 Full breakdown is inside today’s Pre-Market Playbook.

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