New Week, New Opportunities
by Tony Rago
New week, new opportunities to make money! The Sunday open left us with a gap below that remains open, with the ES gap fill at 7,444 and NQ at 28,306. Oil is also back under $85, so we could have a bit of a funky open as traders digest the overnight action. This is Fed week, with big earnings also on deck, so there’s plenty of potential for volatility and movement. My plan is to let the market open and allow the opening ranges to tell us the story. If we break below the opening range low, the gap fills could come into play. If buyers take control above the opening range, we could look for a move toward 28,750 and 28,812.
I’m coming into the session with no bias, and that’s exactly how I want it. There’s no reason to decide the outcome before the market has had a chance to show us what it’s going to do. Let price establish the range, watch how buyers and sellers react at the key levels, and then trade what we see. With a busy week ahead, there will be plenty of opportunities—so there’s no need to force the first one. Stay patient, stay flexible, and let the tape come to you. 👍
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
