New Week, New Opportunities
by Tony Rago
New week, new opportunities to make money. Bulls are trying to defend some key levels overnight, with 29,000 on NQ and 7,500 on ES continuing to act as important battlegrounds. Adding to that, the weekly pivots are sitting right in the same neighborhood, making them the key levels I’ll be watching at the open. As a general rule, holding above the weekly pivots keeps the short-term bias bullish, while losing them shifts the advantage back to the bears. The first 15–30 minutes should give us a good read on which side is ready to take control.
Another thing on my radar is the VIX. After spending time near the mid-15s, it’s beginning to lift, and that’s something worth paying attention to. Seasonally, volatility tends to build into August, so this could be the beginning of that shift. It doesn’t necessarily mean markets have to fall, but it does suggest we should be prepared for bigger swings and more two-sided action. Keep risk in check, let the opening range establish itself, and trade the levels—not the emotions.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
