The uptrend remains intact with price trading firmly above both the 50-day and 200-day moving averages.
After a brief pullback last week, ES has posted three consecutive green candles, telling us the bulls are still in control.
The recent low around 6,290 is forming a higher low, which is strengthening the bull case even further.
Momentum & RSI
RSI has recovered to 59.02, bouncing from just above 50.
This momentum reset during the pullback helps cool prior overbought conditions and gives more strength for a move higher after that.
Key Technical Levels
Level
Type
Significance
6,450–6,460
Resistance
All-time highs zone
6,290–6,300
Support
Recent low and short-term demand zone
6,201
50MA
Strong trend support
5,940
200MA
Long-term trend floor
Probability Table
Scenario
Estimated Probability
Reason
Breakout above ATH (6,460+) this week
40%
Momentum building but needs catalyst
Consolidation between 6,300–6,450 continues
45%
Sideways consolidation after sharp move
Breakdown below 6,290 → retest of 50DMA (~6,200)
15%
Less likely unless macro shocks hit
Trade Setups
Bullish Setup
Entry: Close above 6,400
Target: 6,500+ (psychological and extension level)
Stop: Below 6,290 (last swing low)
Bearish Setup
Entry: Rejection at 6,450 followed by red candle below 6,300
Target: 6,201 (50MA)
Stop: Above 6,450
Ending Off
ES is recovering from a small dip which gave a small buying opportunity to traders. All US indices are rallying at this time and the dip was likely because of the recent recovery in the Dollar. Bulls remain in control and probabilities are pointing toward a move above all time highs once more.
Introduction In our previous analysis on January 16, 2025, we identified the potential for ES to continue its rally within the bullish channel with the all-time high (ATH) at 6,154.75 as the next target. Price recently tested this level but failed to break through, forming a double top pattern on the daily chart. Today has Read More…
The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…
Introduction Bitcoin CME futures (BTC1!) have pulled back after reaching recent highs, with price now testing mid-channel support. The broader trend remains bullish, but momentum is slowing as profit-taking and resistance near key Fibonacci levels weigh on price action. As of today, Bitcoin is trading at 89,640, down -5.32% on the week and 22% from Read More…
