There's 6038 target #3 tagged in #ES_F as we continue the breakout of the 3 week inverse H&S. Today's setup given at 8am was the 6014 reclaim. It triggered 2x today. Targets were 6020 (hit), 6029 (hit), 6038 (hit). Leave runner, do nothing. 6047, 6055 next. 6029, 6014=supports https://t.co/cgyuJI4GtB
Its a gold mine of Failed Breakdowns/Reclaims last 24hrs in #ES_F, and these bear traps are *all* I trade. We are building structure for tomorrows CPI leg. 6014 reclaim was todays trigger given 8am. Targets were 6020 (hit 2x), 6029 (hit 2x), 6038 (almost here). 6047, 6055 above https://t.co/BGCfeYiZdf
More buy the dip action. /ES 6041, 6053 big upside levels to more Support 6027, 6016, 6009
The E-mini S&P 500 futures (#ES_F) experienced a technical breakout above the three-week resistance level of 6,000 on Friday, June 6, 2025, triggering a long position at 5,975 at 8:30 AM. This breakout led to a rally with targets set at 6,014, 6,020, 6,029, 6,040, and 6,050. Throughout June 9 and 10, the market exhibited low volatility and tight trading ranges, primarily oscillating between 6,000 and 6,020, with 6,000 acting as a critical support level. The 6,014 level served as a magnet point, with multiple reclaims triggering further upside targets. On June 10, the market reached 6,038, marking the third target in the breakout sequence, with additional targets at 6,047 and 6,055 noted for potential continuation. Traders were advised to hold positions and protect gains amid the low volatility environment, anticipating further movement ahead of the upcoming Consumer Price Index (CPI) release. The price action was characterized by a series of failed breakdowns and reclaims, interpreted as bear traps, which supported the bullish technical setup. Support levels identified included 6,000, 6,014, 6,027, 6,016, and 6,009, while downside risk below 6,000 pointed to levels around 5,985 and 5,975. The overall technical structure suggested a cautious but optimistic outlook for the E-mini S&P 500 futures in the near term.