Payroll Push Into New Highs
by Tony Rago
More highs pre-market following the payroll numbers, and the momentum train keeps rolling. NQ is now staring right at the 29,000 magnet level — a major psychological area that feels within reach if buyers can keep pressure on through the RTH session. ES continues to hold strong as well, but I’ll be watching closely to see if we get a backtest of 7,400 near the open. That kind of retest can tell you a lot about conviction. If buyers defend it cleanly, it could confirm acceptance higher. If not, there’s still enough resistance up here for bears to make a stand, and they’ll need a move under 7,377 to start building downside momentum.
It’s Friday, and bulls are trying to close out yet another monster week with fresh all-time highs on the board. That’s a powerful backdrop, but also one that can create emotional trading if you’re chasing moves late. This is where patience becomes your edge. Let the market settle, let the levels develop, and wait for the setups that give you structure and defined risk. There’s no need to force trades in a tape that’s already moving this much. Stay objective, stay disciplined, and let the market come to you.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
