New Contracts — New Flow
by Tony Rago
We’re trading the Z contracts starting today, and while volume is still coming into the new contracts, price may be a little wonky as the market makes the transition. Crude is over 104.25 as I type this, so in my opinion, that’s going to make it a challenge for bulls to put together much of a rally today. I’m expecting a range-bound tape, especially with the biggest move happening overnight again. The key for bulls is to hold 29,106 on NQ and 7,650/7,642 on ES.
Today, we just have to trade what’s in front of us. Price may need a day or two to get back into a normal flow with the new contract, so I’m not going to force anything while the market finds its footing. Let the levels and opening ranges give us the information we need, stay patient, and execute the plan. Trade the tape we have, not the tape we wish we had. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
