Weakness Carries Over — Bulls Need to Step Up
by Tony Rago
New week, new opportunities to make money! Weakness from Friday carried over into the overnight session, and we’re looking to open below the prior day’s lows. Bulls need to hold the 29,333/29,412 area on NQ and work their way back above 29,500. On ES, I’m using 7,700 as the bull/bear line—above it, we can reach for 7,726/7,733, while below it opens the door toward 7,677/7,662.
It’s the last day of August and Labor Day is approaching, so we could be looking at a slow day and potentially a slow week ahead. That doesn’t mean there won’t be opportunities, but it does mean we don’t need to force them. Let the market open, establish its ranges, and trade what we see. Keep it simple 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
