Price Leads, Everything Else Follows
by Tony Rago
More highs again, and now ES has officially printed 7,400 — another major milestone in a move that just refuses to slow down. At this point, new highs have become the norm almost daily, and the market continues to reward strength while punishing anyone trying to step in front of it. Everyone keeps waiting for the meaningful pullback, but the reality is we really haven’t seen one throughout this entire run. That’s important context, because extended doesn’t automatically mean reversal. As long as buyers continue to defend key levels, price remains in control.
This kind of environment demands patience and discipline more than prediction. You don’t need to catch the exact top or bottom — you just need to find spots where risk is defined and manageable. Price is the only thing that matters right now, and fighting momentum simply because something “feels” overdone can be expensive. Let the market come to you, stay objective, and focus on execution over opinion. In tapes like this, protecting capital and staying patient is a strategy in itself.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
