Same Story — Sellers in Control
by Tony Rago
Pops keep getting sold, and the tape’s now pointing toward a test of 6,700 on ES and 25,000 on NQ. Bulls still can’t get traction, and with no jobs data on deck this morning, we could see more of the same—grind lower, fade the rips, and respect momentum until proven otherwise. Sellers continue to press each bounce, and without a catalyst to shift sentiment, structure favors the downside until buyers show conviction on the larger time frames.
This is where discipline matters most. A lot of traders are trying to buy dips and getting stopped out in the churn. If you’re playing that side, keep it tight—define risk, know when you’re wrong, and flatten out fast. Wait for confirmation that buyers have truly stepped in before leaning long. Let the open show us whether sellers keep the upper hand or if we finally see a change in tone. Finish the week strong and stay sharp. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
