Bulls Still Have the Ball
by Tony Rago
Bulls defended the 7,600 level and protected the gap yesterday following the peace deal headlines, keeping the broader uptrend firmly intact. NQ continues to be the leader, and with the AI complex still attracting aggressive buying, the path higher remains open for now. The next major target sits at 31,000 on NQ, but buyers need to continue doing their part. Holding 30,750 and defending 30,612 are key if they want to keep momentum alive and make a run at that round-number objective. As long as those levels remain support, bulls maintain control of the tape.
That said, there’s still a sizable gap sitting below the market, and those unresolved areas have a habit of staying relevant. Bears haven’t disappeared — they simply need better locations. A break below 30,500 on NQ and 7,577 on ES would start shifting the conversation and potentially open the door for a deeper retracement. Until then, price continues to favor the upside, and fighting strong momentum has not been a winning strategy. Keep it simple, respect the levels, and let the market confirm direction before getting too aggressive. Get your day done and stay disciplined.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
– Tony
