Launch Pad or Last Gasp?
by Tony Rago
NVDA handed the bulls a clean launch pad, letting ES reclaim that 6,700 zone — now the whole game is whether they can keep it. For ES, 6,700 is the must-hold with a line in the sand at 6,677; lose that, and momentum shifts right back to sellers. Same deal on NQ: bulls need 25,000 to stick with 24,912 as the fail-safe. Bigger picture still favors the bears on the higher timeframes, so any squeeze needs to be contained quickly or they risk giving up control. Their job is simple — push price back under those round numbers and go hunting for prior-day lows.
Delayed payroll data floated us right back up to the weekly opens from below, and that’s where the bulls have to prove something on a daily close. ES weekly open sits at 6,764.75 and NQ at 25,142.25 — clear markers for trend intent heading into the weekend. Should be plenty of vol again today, which means opportunity if you respect your levels and let price confirm direction. Let’s get after it.
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
