| Hey Traders, | Welcome to May — and what a wild first week. | Markets kicked off with false starts, head fakes, and tight ranges early on, only to explode with strength midweek, catching a lot of traders short and underexposed. The S&P and Nasdaq both reclaimed key levels, squeezing bears and fueling risk-on flows — all while macro tension and mixed data kept traders guessing. | This week was a perfect reminder: when price aligns with setup structure, you pull the trigger. If not, you sit out. | | 📌 What's Inside This Issue- Market Sentiment: After early indecision, bulls came in strong midweek and finished with momentum into Friday's close.
- Looking Ahead: Big tech earnings are behind us — the focus now shifts to inflation and whether bulls can sustain the move.
- Golden Setup: The NQ 20106 breakout was surgical — if you played it by the book, it was high R:R with minimal stress.
- Personal Note: I stayed patient all week and finally pressed Friday's clean move. If you want the full breakdown, watch the Golden Setup replay.
| | 🟨 Market Sentiment | Early in the week, sentiment was cautious. There was a lingering hangover from the prior week's chop, plus mixed earnings reactions. Both ES and NQ floated inside tight ranges Monday and Tuesday, offering more fakeouts than follow-through. | But starting Wednesday — and especially into Friday — bulls took the reins. NQ exploded off 19700, and ES reclaimed the 5600-5700 zone. Internals supported the move, and for the first time in weeks, we saw true directional participation. | Bottom line: The bulls stepped up — and while it's still a tactical tape, momentum shifted in their favor. | | 🔭 Looking Ahead | With mega-cap earnings behind us, traders are now watching: | | We're no longer in "guess the range" mode — we're back in breakout structure territory. That means a return to classic setup logic: let the Initial Balance define your zone, then wait for continuation OR failure at known pivots. | | 🔂 Golden Setup This Week | "I said it live — if we break 20106 with volume, get in and hold it. That was the trade." |
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| 🔹 Setup Conditions: | Price was consolidating for days under resistance Internals flipped positive mid-morning Friday IB high broke, volume surged, and price never looked back
| 🔹 Strategy Tip: | If you wait for structure, you avoid frustration. Stop chasing noise. Build your bias off the Initial Balance, then press only when structure confirms it. | | 💬 Personal Note | This week was all about patience. I waited four days before really stepping on it — and when the setup came Friday, I hit it hard and clean. | No stress. No hesitation. That's what comes from trusting the process. | If you missed the Golden Setup Summit, I walked through the exact system that powered trades like this — the strategy that's helped me deliver a 90% win rate in 2025 with a 31% average return on cash, even while the S&P struggles. | 🎥 Catch the replay here | It's worth your time — especially if you're serious about making trading consistent, not chaotic. | Let's keep the momentum rolling. May's just getting started. | | Until next time, | Tony Rago |
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