New Month, Same Strong Tape
by Tony Rago
New week, new month, and the market continues to show impressive strength. Many stocks are still running hard to the upside, which keeps the focus on pullback opportunities rather than trying to fade momentum. The key question now is where buyers choose to step in. On NQ, I’d like to see a pullback into the weekly pivot to get a better read on demand and whether buyers are still willing to defend value. ES is working on converting 7,600 into support, and a test of that area this morning could provide some important clues about the market’s next move. When former resistance starts acting as support, it often becomes a key checkpoint for trend continuation.
As always, there’s no reason to force an opinion before the market gives us information. Strong trends can continue much longer than most expect, but they also require patience to trade well. I’ll let the market open, watch how price reacts around those key levels, and use the opening ranges to frame the day. If buyers continue defending pullbacks, the path of least resistance remains higher. If support starts failing, we’ll adjust accordingly. The goal is simple: stay objective, manage risk, and let price tell the story.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
