E-mini S&P 500 (ES) futures
Technical Analysis

Technical Analysis: S&P 500 E-mini Futures: Trade Opportunities

Volume Profile:

The High Volume Node (HVN) signifies a price level with substantial trading activity, indicating a strong interest from traders. This level usually acts as a magnet for future price action, drawing prices towards it. The Point of Control (POC) gives the price level with the highest trading volume over the period. It is a crucial area that frequently serves as a pivot point in the market; prices above this level could attract buying interest, while prices below might experience selling pressure.

Support and Resistance:

There is a support level at 5000, which was the recent swing low of the small pullback. If the price stays above this level, it means the buyers are stronger, and we can look for higher prices. The main resistance is clearly going to be at an all-time high.

Moving Averages:

The 21 SMA at 5158.67 is nearly being tested. We will need to wait and see if the bears step in and force price downward to test the lows mentioned earlier.


Short-term trend (next few days to weeks): There is a slight bullish reversal potential given the recent bounce, but it is essential to monitor for resistance near the SMA or any developing bearish patterns.

Medium-term trend (next month or two): The overall outlook is bearish, given the prevailing downtrend and the price being below the SMA. A break above the SMA and POC could alter this view to neutral or bullish.

Long-term trend (several months to a year): Still bullish on the long-term trend.