Hello Everyone,
No change in the primary trend with today's action on the SPX/QQQ resulting with an inside day (traded within yesterday's range) and both held above their respective 5-day moving average.
Below are comments that I posted in the trading community this afternoon. ES moved bounced off 5925 and moved up to the cited initial zone 5958/63 sticky post updated today.
ES 5925 bounce - bulls want to hold 5917/07 to keep upside intact or expect a retracement lower
If holding zone upside target potential of 6010 and 6019/27 and fails 5907 then downside.
ES Levels Posted in Trading Community (Note: Front Month has Shifted to June ESM25)
Please take a moment to look at the trade ideas.