Pressure Still On — Levels Matter
by Tony Rago
Overnight weakness continues to lean on the tape, with ES bulls needing to hold a test of 6,796 to keep structure intact. That zone is important because it’s where buyers can show they’re still willing to defend value after repeated selling pressure. On the NQ side, bulls need to reclaim 25,132 — without it, rallies risk stalling before they ever gain traction. VIX sitting at 20.75 tells us volatility is elevated, which means wider ranges, faster rotations, and a bigger premium on staying flexible and objective.
For now, bears can keep selling rallies beneath the lower highs, pressing their edge as long as price stays capped. That control starts to break above 6,912 on ES and 25,412 on NQ — levels that would signal sellers are losing their grip and momentum may be shifting. Until then, it’s less about prediction and more about reaction. Let’s see how we open, read the response at these levels, and go from there 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
