30K in Sight
by Tony Rago
Coming off the long weekend and market holiday, we’re opening up with unfinished business still sitting below in the form of a Sunday gap. At the same time, NQ is now knocking on the door of the big 30K test — a major psychological level that’s going to have everyone’s attention this week. For bulls to get that move, they need to continue defending 29,833 and keep price accepted above it. If they can, momentum could easily carry into 30K before the market even considers filling the gap lower. ES is showing some early resistance around 7,550–7,562, so that zone becomes important to watch for either continuation or rejection as the session develops.
This feels like one of those mornings where easing into the tape matters. After a long weekend, order flow can be uneven early, and chasing the first move is usually a good way to get trapped. I’ll let the open develop and use the opening range to help frame the day. If buyers continue absorbing pullbacks and holding key levels, the momentum story stays intact. But if we start losing those supports, that gap below could quickly come back into play. Stay patient, stay objective, and let the market show its hand first.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
– Tony
