Hello Everyone,

Yesterday we saw a quick poke below Tuesday's low (liquidity grab) near the rising 9 day EMA and then a reversal higher to close positive. Today, both the SPX/QQQ gapped open higher and then faded back but managed to hold the open gap and then shot up higher on the trade deal with the UK (after holding our noted key support on ES at 5660/51 zone).  ES moved up into a strong resistance zone (5733/42) which halted the advance and sold off into the close after forming a divergent high.  The SPX/QQQ sport indecision doji candles,  and unless the bulls can reclaim 5693 and build above, I'm on watch for a possible probe down towards that gap on SPX barring any new developments overnight. 

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.