Patience Pays in a Volatile Tape
by Tony Rago
CPI came in largely in line with expectations, but at 4.2% inflation remains elevated enough to keep traders on edge. We’re seeing more weakness overnight, and with the VIX sitting around 21, volatility is still very much part of the equation. The real question now is how the market reacts once the regular trading session gets underway. Economic data may have been expected, but that doesn’t mean price has fully decided what it wants to do with the information. In environments like this, reactions matter more than the headline itself.
Today is all about patience and risk management. The swings have been large enough that getting caught on the wrong side of a move can become expensive very quickly. Hyper-volatility tends to reward traders who stay disciplined and punish those who force action. That’s why I plan on sitting out the first 30 minutes and letting the opening range develop before getting involved. The market will give us clues once the dust settles. Until then, the focus is staying objective, protecting capital, and waiting for setups that provide structure instead of chasing noise.
👉 Full breakdown is inside today’s Pre-Market Playbook.
Check it out here and trade it smart.
– Tony
