Back to Balance — Range in Control
by Tony Rago
Big overnight range and a full retrace of that FOMC spike puts us right back inside the same balance we’ve been trading for nearly two weeks. When a market retraces an entire catalyst move, it’s telling you the auction wasn’t ready to accept higher prices — at least not yet. This range is wide, clean, and very tradable, but it demands respect. Until price proves it can break out or break down with intent, the play is the play: work the edges, stay patient, and let the structure confirm which side actually wants control.
We’re also rolling from the Z contract into H26, so expect volume to shift and order flow to get a little noisier as positions migrate. That’s normal during roll and often creates pockets of opportunity if you stay disciplined. Keep risk tight, don’t assume direction, and be ready for a more reactive tape. Balance environments reward traders who can recognize rotation early and avoid forcing trend logic where it doesn’t belong. Let’s get after it. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
