Round Numbers and Opening Clues
by Tony Rago
New week, new opportunities to make money! I’ll be watching the big 31,000 round number on NQ and 7,850 on ES at the open for clues about which side is ready to take control. On NQ, the bias is bullish above 31,000 and 31,106, while sustained trade below those levels favors the bears. On ES, Friday’s highs and the weekly open are the key levels to watch, and we’re coming into the open below them. Bulls need to reclaim those levels and hold above them to get a real push going. Until then, the burden is on buyers to prove they can take control.
Keep in mind it’s a bank holiday, so trading volume could be light again. We also have economic data coming in during the first 30 minutes, so be mindful of the potential for quick moves around those releases. If the initial action fades and volume dries up, we could settle into a range after the first half hour — and if that’s what the market gives us, trade the range instead of forcing a breakout. Let the opening levels guide the plan, stay patient, and wait for confirmation. Let’s kick the week off right! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
