Sell the Rally — Until Proven Otherwise
by Tony Rago
We’re still operating in a “sell the rallies” environment, and that framework hasn’t changed. As long as price remains below the 200-day moving average — a widely watched trend indicator that helps define longer-term direction — the bears maintain the edge. That doesn’t mean we won’t see upside moves; in fact, rallies are part of the process. But without a sustained reclaim of that 200-day on a daily (or higher timeframe) basis, those bounces are likely to run into supply and stall out. Until that shift happens, strength is something to evaluate, not chase.
The plan stays simple: let the market open, allow the opening range to form, and trade what’s actually there — not what we think should happen. This is where discipline separates traders. You don’t need to force trades in a market that’s still working through resistance overhead. Let levels develop, let price confirm, and stay aligned with your plan. Clean execution beats prediction every time. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
