2026-05-29

MYM1!

📊 Pre-Market Playbook (PMP) — Friday, May 29, 2026

Going into Friday, there is no major red-folder economic release, but there are several yellow-folder events, Fed speakers, and ongoing geopolitical headlines surrounding Iran, Oman, the Strait of Hormuz, and new U.S. sanctions activity. Treasury Secretary Scott Bessent continued aggressive rhetoric regarding sanctions and Hormuz access while negotiations remain uncertain. Markets have largely interpreted the recent developments as risk-on rather than escalation-driven panic so far. (Reuters)

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🌍 Macro / Headline Context

The biggest underlying narrative remains:

Strait of Hormuz / Iran / Oman

• ▸New sanctions continue targeting Iranian oil infrastructure.
• ▸Oman remains under scrutiny after discussions regarding Hormuz tolling systems.
• ▸Trump and Bessent continue signaling aggressive responses toward any disruption of shipping lanes.
• ▸Despite rhetoric, markets continue trading near ATHs rather than pricing severe escalation. (Reuters)

My current read:

Headlines remain important, but price is still trading as if liquidity and risk appetite remain intact.

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🟣 VIX Analysis

VIX remains the most important confirmation tool today.

Current Structure

Daily High

• ▸15.88

Daily Low

• ▸15.77

Weekly Low

• ▸15.61

We continue trading below multiple previous-week lows.

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Downside Targets

Weekly Low

• ▸15.61

Previous Day Low

• ▸15.30

Yearly Opening Price

• ▸14.85

If equities continue expanding higher:

These become primary VIX objectives.

---

Upside Targets

Swing High

• ▸16.04

If reclaimed:

Yesterday NDOG

• ▸Low: 16.29
• ▸Mid: 16.52
• ▸High: 16.76

Weekly NDOG

• ▸

  Low: 16.70

• ▸

  Mid: 16.81

• ▸

  High / Weekly Open:

  • ▸16.92

Previous Day High

• ▸16.85

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VIX Read

Right now VIX continues to trade:

Below weekly opening structure Below previous-day highs Near weekly lows

That remains bullish for indices until proven otherwise.

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🔵 MNQ Analysis

MNQ remains the strongest chart.

---

Key Weekly Structure

Weekly Low

• ▸29,743.00

Yesterday Low

• ▸29,763.00

Swing Low

• ▸29,862.50

---

Bullish Order Blocks

1H OB

• ▸29,983.75

1H OB

• ▸30,055.50

---

4H Bullish Fair Value Gap

Low

• ▸30,112.50

Mid

• ▸30,193.50

High

• ▸30,274.50

Important:

Price already traded into this imbalance and respected it.

Current Low of Day

• ▸30,216.25

Which is almost directly inside the FVG.

That tells me:

Institutions already defended the gap once.

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Pre-Market Structure

London / Pre-Market Low

• ▸30,266.50

Daily Open

• ▸30,323.00

Current Price

• ▸~30,347

ATH

• ▸30,380.00

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MNQ Bullish Scenario

If ATH breaks:

Target 1

• ▸30,500

Target 2

• ▸30,700–30,750

---

MNQ Bearish Scenario

If:

• ▸30,266 fails
• ▸Daily low fails

Then:

Expect deeper movement into:

4H FVG

• ▸30,112
• ▸30,055 OB

Those become primary buy zones.

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🔴 MES Analysis

MES continues to track the same narrative.

---

Weekly Structure

Weekly Low

• ▸7505.75

Located directly above:

Weekly NDOG Mid

• ▸7501.50

---

Weekly NDOG

Low

• ▸7484.25

Mid

• ▸7501.50

High / Weekly Open

• ▸7518.50

---

Additional Low

Internal Low

• ▸7515.00

---

4H Bullish FVG

Low

• ▸7544.00

Mid

• ▸7559.75

High

• ▸7575.25

---

4H Bullish Order Block

7554.75

Important:

This OB sits directly inside the 4H FVG.

That creates a strong reaction zone.

---

Current Structure

Daily Open

• ▸7588.00

Pre-Market Low

• ▸7580.25

Daily Low

• ▸7572.75

ATH

• ▸7595.75

Current price:

• ▸~7592

---

MES Bullish Scenario

If ATH continues expanding:

Target 1

• ▸7625

Target 2

• ▸7650

Given we are trading in completely new price territory:

Quarter levels become more relevant than historical resistance.

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MES Bearish Scenario

If:

7580.25 breaks

Then watch:

7572.75

If that fails:

Look for expansion into:

4H FVG

• ▸7559
• ▸7554 OB
• ▸7544

That entire zone becomes the highest probability buy area.

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🔥 What Stands Out Most

Looking at your charts:

MES

Already tapped ATH.

MNQ

Trading directly under ATH.

VIX

Still sitting near lows.

That combination continues to favor:

Buy-side continuation until VIX begins reclaiming major levels.

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🎯 Friday Trading Plan

Bullish Conditions

• ▸VIX remains below 16.04
• ▸MNQ holds 30,266
• ▸MES holds 7580

Then:

• ▸Look for ATH continuation
• ▸7625 MES
• ▸30,500 NQ

---

Bearish Conditions

• ▸

  VIX reclaims:

  • ▸16.04
  • ▸16.29
  • ▸especially 16.52

AND

• ▸MES loses 7580 / 7572
• ▸MNQ loses 30,266

Then:

Look for retracement into:

• ▸MES 7554–7544
• ▸MNQ 30,112–30,055

before looking for institutional reactions.

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Friday Reminder

This is still a Friday near ATHs.

That means:

Protect profits quicker. Avoid forcing late-session trades. Respect liquidity grabs around highs.

The market has already delivered most of the weekly expansion move. The question now is whether institutions want one final buy-side delivery into fresh highs before a larger retracement begins next week. (Wall Street Journal)

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