Hello Everyone,

should the market attempt a backtest, the main zones are just around 5700-5724 with interim levels posted in the trading community. 

Yesterday, SPX/ES rallied up to my stated key resistance levels (backest of a prior breakdown) which held and was soundly rejected with ES/SPX retracing over 100 points from that zone into today's low.  As posted on the trading community, the bears are back in control and bulls must assert and reclaim some overhead levels to get any upside traction. A failure to recover favors more downside probing.  The catalyst tomorrow will be the reaction to the FOMC decision and Powell outlook. 

ES Levels Posted in Trading Community (Note: Front Month has Shifted to June ESM25)

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.