Markets just got 23% wider.
That's the average daily range on the SPX over the last week compared to the prior five days. QQQ widened 12%. Nasdaq 15%.
Translation: volatility is here, and it's not leaving yet.
CPI drops at 8:30 AM ET this morning — and it could blow these ranges open even further.
Headline inflation is expected at +2.4% Y/Y. Core at +2.5%. But expectations don't move markets. Surprises do.
And with oil whipsawing, the VIX still at 25, and geopolitical tensions running hot, this number could send us in either direction fast.
Tony Rago's going live at 8:45 AM ET — 15 minutes after the data hits — to walk through his full top-down checklist, key chart levels, and premarket playbook.
He's covering:
How the CPI print changes the setup (or doesn't)
The ranges and levels that matter in the NQ
His exact premarket playbook for navigating the reaction
Whether we rip or roll over, Tony's breaking down both sides of the trade — live — while the market's still digesting the data.
See you there.
— TheoTrade