Closing May Near the Highs
by Tony Rago
Bulls held the line again yesterday and delivered another impressive rally back over 30,000 on NQ — now we’re sitting right back near all-time highs heading into the final trading day of May. ES is also knocking on the door of the big 7,600 round number, another major psychological level that could attract attention early in the session. What continues to stand out is how quickly buyers have responded to every meaningful dip throughout this rally. Momentum remains firmly intact, and despite occasional weakness, the tape keeps finding a way to rotate higher.
Today should be interesting with it being both Friday and month-end. Bulls are clearly looking to close out another strong month near the highs, but month-end flows can sometimes create sharp moves in both directions, especially around key levels. I’ll let the opening range develop and use that to frame the day instead of forcing a bias early. If buyers continue accepting above these major levels, momentum could carry into the close once again. But if we start seeing rejection around the highs, patience will matter even more. Stay disciplined, trust the levels, and let price lead the trade.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
