The E-mini S&P 500 futures (ticker: ES_F) have been trading within a defined range between 5,493 and 5,565 over the past two days, with key support and resistance levels closely monitored by traders. On April 28 and 29, the market saw multiple attempts to break above resistance levels at 5,565 and bonus targets at 5,574, 5,582, and up to 5,620, with intermittent dips to support levels at 5,534, 5,515, and lower levels around 5,493 to 5,485. The 5,534 level served as a critical pivot point, with its failure triggering declines to 5,515 and below. Traders have emphasized the importance of managing trades carefully within this range, avoiding overtrading during the choppy consolidation. The market has shown resistance near the 5,572.50 major pivot and the quarterly pivot at 5,617, with potential upside targets extending to 5,618 and beyond if the range breaks. The tariff shock contributed to a sharp weekly candle, highlighting the 5,556.25 level as a critical juncture. Overall, the market remains rangebound and sensitive to key technical levels, with traders awaiting a decisive breakout or breakdown to establish a new trend.