Pivot Held — Bulls in Control (For Now)
by Tony Rago
Bulls are stepping in right where they need to, defending the weekly pivot on both ES and NQ — a key level that often acts as a directional guide for the session. Holding above that zone into the open gives buyers the early edge, and it puts upside targets like the 6800s on ES and 25,000 on NQ firmly in play. When price respects a pivot like this, it signals underlying strength, but it still needs follow-through to confirm momentum. That said, we’re not trading in a vacuum — there’s still headline risk in the tape, which can quickly shift sentiment and disrupt otherwise clean setups.
With a Fed decision on deck tomorrow, there’s also the potential for the market to start compressing as we move through the session. That typically shows up as slower rotations and less conviction, especially into the afternoon. So while bulls have the early advantage, it’s going to come down to whether they can press it or if we start to see hesitation creep in. I’ll be watching the open closely — how we react around these pivots will tell us a lot about intent. Stay sharp and let the market show its hand. 💪
👉 Full breakdown is inside today’s Pre-Market Playbook. Check it out here and trade it smart.
