May 30, 09:52 AM

ES Futures: S&P 500 Market Sees Mean Reversion, Anticipates Gap Down on June 2nd

The S&P 500 (SPX) market is currently experiencing mean reversion, with a range between 5250-5350 and 5300 as the midpoint. Traders anticipate a potential gap down on June 2nd, with focus on the lower distribution levels. The SPX lower bound is expected at 5247, signaling a sideways breather to end May. Market participants are closely monitoring the monthly and quarterly distributions on ES futures.

Written with ChatGPT (GPT-3).

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Julie Wade@julie_wade
2 years ago
You can see the 30 Day 1 is coming down to the 8 Day 1.... And then the 30 Day 1 snaps back in place. Tomorrow can't come soon enough! #SPX #JATSPT #NinjaTrader https://t.co/ixTe4jIwuE https://t.co/7S2FTTKHd4
Julie Wade@julie_wade
2 years ago
LOOKIE HERE! SPX following the Monthly 1 around like a puppy to its mom. hahahaha!!!! #SPX #JATSPT #NinjaTrader https://t.co/2YN1z3fQP4
Julie Wade@julie_wade
2 years ago
SPX Distribution shifted lower!!!! 30 Day 1 (Close) now 5238.45 #JATSPT is dynamic volatility indicator -- the levels are not static. Calcs update with current volatility. #SPX #JATSPT #NinjaTrader https://t.co/Fd5QPivOVi

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ES Futures: S&P 500 Market Sees Mean Reversion, Anticipates Gap Down on June 2nd

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