Hot PPI, Live VIX — Let the Levels Lead
by Tony Rago
PPI came in pretty hot, setting us up for another potentially bearish day. But I’m not condemning the tape just yet — price is the only thing that matters, and we’ll do what we always do: let the opening ranges tell the story. On NQ, I’m looking for a potential bounce around 29,633. On ES, the 7,717/7,712 area is in focus, with 7,700 as the big round-number level below. Those are the areas I want to see price react around as we figure out whether buyers are ready to step in or sellers are going to keep pressing.
The VIX has come to life, and volatility is back in the picture. That means moves can happen quickly in either direction, so this is not the time to chase price or force a trade just because the tape feels heavy. Let the market open, watch how it behaves around the levels, and wait for your setup to develop. We don’t need to predict the outcome — we need to respond to what price gives us. Be patient, stay sharp, and let’s get after it! 💪
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
Until next time,
Tony
