Grind Back to the Highs
by Tony Rago
Overnight, ES tagged 6,900 as price continues to grind higher with shallow pullbacks that keep getting bought. The tape feels heavy with FOMO and bullish sentiment, and you can see it in how quickly buyers step in on every minor dip. Momentum’s strong, but it’s starting to feel stretched. Traders are still watching for any official word on the government shutdown ending — a confirmed deal could be the catalyst that sends us back toward new all-time highs.
We’re already up nearly 4% off Friday’s lows — a sharp move without any real pause or reset — so I’m staying a cautious bull here. That means leaning with trend but being ready for a fade or shakeout if momentum cools. No reason to fight it, but no reason to chase either. Let’s see how we open, watch where structure builds, and trade the setups right in front of us.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
