Squeeze Back to Resistance
by Tony Rago
Strong squeeze out of that oversold pocket and we’ve now pushed right back into 24K on NQ and 6,600 on ES — levels that matter. When you get a move like that, fast and aggressive, the question shifts from direction to sustainability. Moves that go “too far too fast” often need to reset, either through time (chop) or price (pullback). The key zones I’m watching on any retrace are 23,750 on NQ and 6,533 on ES — areas where bulls need to step in and prove this isn’t just a squeeze, but something with continuation behind it.
At the open, it’s less about predicting and more about observing. First hour behavior will tell us everything — whether buyers can defend and build, or if this turns into a fade after the emotional push. Chasing strength up here can get tricky, so patience matters. Let price come to you, stay objective, and be ready to pivot if the market shifts tone. Clean reactions at levels will define the trade — not the headlines, not the emotion. Let’s get after it 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
