Friday, June 6, 2025

ES Morning Update June 5th 2025

There were 4 intraday attempts yesterday to get through the 6000 level, which all of them failed, so I took a short. BUT... I don't think that the top is in for sure. If we can't get through support (around 5950 ES) today then I'll exit and wait as there's still likely going to be another attempt to get through that resistance. If it does, we'll see a strong squeeze higher. The turn window is still the 6th-11th, so the bulls are still in control right now. I'm just gambling a little by shorting early yesterday. Odds are I'll have to exit and try again in a few more days. Bulls don't give up easily, so at some point they will likely push through resistance. This assume support below holds and I think it will Let's see what today brings.

Have an blessed day.

Red
Author: Red

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