Bears Show Signs of Life
by Tony Rago
Slowly coming back from the dead — looks like the bears finally had their day yesterday. Hope you cleaned up, because it was no accident that yesterday’s low tagged 23,426. Yet another clean hit on that 26 level in the NQ.
Coming into today, bears have the upper hand. The question is: can they actually build on it? If not, we’re staring at another dip-buy setup. Keep in mind though — ES has only pulled back about 1.5% off the highs. That’s a nano-pullback given the size of this run.
No bias here. Let the open settle, watch the 30-minute high and low, and wait for one side to show leadership. And don’t forget — Jackson Hole is Friday. Big catalyst ahead, and the market knows it. Full game plan’s in the Pre-Market Playbook. Check it out here and stay sharp.
