CPI Bounce — Can It Stick?
by Tony Rago
CPI delivered a pre-market bounce, giving bulls an early opportunity to press — but it’s conditional. On ES, buyers need to hold 6,800 and 6,812 on any pullback to keep this move constructive. Those levels matter because they define whether the CPI reaction is real demand or just a headline pop. If bulls can defend them, the door opens for a push into 6,862 and 6,877, both key resistance zones where sellers are likely to respond. Lose support, and this quickly turns back into a fade.
Zooming out, bears still hold the edge on the bigger timeframes, which keeps this a tactical environment rather than a free-and-clear trend day. On NQ, the line in the sand sits at 25,106 and especially 25,000 — failure to hold there keeps pressure on rallies and favors responsive selling. That makes today less about prediction and more about execution: let the open show its hand, respect the levels, and wait for price to confirm intent before getting aggressive. Good structure will present itself if we stay patient.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
