September Opens With a Selloff
by Tony Rago
Big pullback hitting into the open — VIX pushing toward 19 and the tape can’t hold a bid. That’s a hefty overnight selloff, so the game plan is simple: let the market open, see where we are after the morning econ data, and go from there.
This could easily roll into a continuation lower in RTH… or rip back in a sharp bounce. Either way, I’m not trying to nail the low. If there’s a long to be had, it’ll come from sustainable trade above the 30-minute initial balance — not knife-catching. Be careful trying to get cute here.
Full breakdown is inside today’s Pre-Market Playbook.
