
The E-mini S&P 500 futures (#ES_F) have been experiencing notable volatility as the market navigates a range between 6020 and 5930. After a decline that tested the support level at 5924, the market rebounded to hit resistance at 5996, which was identified as a crucial resistance shelf. Traders noted that reclaiming the 5988 level was essential for upward movement, with targets set at 6004, 6015, and 6020. The market has shown a pattern of respecting technical levels, with 5958-62 acting as support. Recent trading sessions have seen fluctuations with a focus on Nvidia's earnings, which have contributed to market movements. As of the latest updates, the bulls need to reclaim the 5924 level to prevent further declines, with potential targets of 5898 and 5875 looming if the market fails to hold above 5934.





After the mid day chop, volatility finally picking up to close the session in #ES_F. After running to 5988 target, I posted that 5958-62 fail sees a dip to 5934, then 5915-18 and down here now. Bulls want to recover 5924 now to work back up the levels. 5898, 5875 next otherwise https://t.co/w1wh4GXuA3
#Nvidia stumbles to test 200 MA after posting its earnings. Will it bounce back here or will the selling continue? https://t.co/jbAjkuy9uU https://t.co/PWJhcqMPih
Mid-day chop continues after we were spoiled this morning. 5934 was support as posted, with 5958-62 reclaim triggering long to 5988 (magnet), we hit it & sold. Nothing to do now but hold runners. 5988, 6004-08, 6020+ if #ES_F wants more. 5958-62 fails, dip back to 5934, 5915-18 https://t.co/iSHfQpLlyz