$ESM25 – June E-Mini S&P (Last:5678.00)

The futures did nothing last week to allay suspicions that the no-longer-exciting move off early April’s low is just a garden-variety bear rally. Although it exceeded my 5736.00 target by five points, the fact that one needs a microscope to see this on the weekly chart means we should treat the resistance as intact. If buyers get decisively past it, I will be the first to guarantee 5867.00 as a minimum price objective. But we’ll remain disciplined for now, and that means bulls must prove their case every step of the way. I may put out a trade in the chat room this week because this vehicle’s minor swings are so easy to read. Stay close to the room if you’re interested.  The trade will likely happen too quickly for an email blast to be of much value, but if I see an opportunity developing lazily, I’ll notify everyone.

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