Market On Close imbalances on June 9 showed significant differences in trading volumes across major US indices, described as bullish. The S&P 500 recorded an imbalance of +2.9 billion, NAS 100 saw +1.3 billion, DOW 30 had +720 million, and MAG 7 registered +550 million. Futures for the S&P 500 ($ES_F) rallied to a new high of 6,040 in overnight trading, with the index pushing above resistance levels and finding resistance just above 6,040. The trading profile was described as fruitful. Charts and targets for $ES_F are now being generated automatically, with new targets expected after 7:00am CET. The rally in equity futures coincided with strong gains in the cryptocurrency market, as Bitcoin rose above $110,000 and Ethereum increased by 5%. Traders noted that a pullback is typically seen before June options expiration (OPEX) next week.
$ES_F Finding resistance just above 6040. Charts have a new format and are now automated. New targets will generate shortly. This happens at 7:00 CET. https://t.co/Hl2SF5HGij
$ES_F Pushing above resistance. Charts are new. These are generated automatically now. Trading near resistance. Some new targets will generate after 7:00am CET. https://t.co/xz5eNjDdqz
$ES_F Pushing above resistance. https://t.co/aEN4kh6Qke