Below the Weekly — Pressure Builds
by Tony Rago
More weakness stepping in here as we trade below the weekly open — a level that often acts as a directional pivot for the broader session. Holding below it keeps sellers in control, reinforcing the current “sell-the-rally” environment. Crude continues to lean on the indexes, adding that extra layer of pressure and making upside attempts feel heavy. When you see failed bounces and lower highs forming, it’s usually a sign that supply is still in control, and buyers haven’t fully stepped in with conviction.
This kind of tape demands patience. Expect whipsaw, sharp swings, and quick reversals — the type of environment that punishes overtrading and rewards discipline. It’s not about forcing entries; it’s about letting levels develop and reacting with structure. Manage risk tightly, stay selective, and don’t get caught chasing volatility. Let the market show its hand first — then step in with intent. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
