Why ES May Be Headed For 5,000

CME_MINI:ES1!   S&P 500 E-mini Futures
The ES is primed for a test of 5,000! 🎯When analyzing the market environment, I always look for three key scenarios: range expansion, consolidation, or mean reversion. Currently, the ES is showing signs of range expansion with a target of 4,974.

In this informative video, I explain my prediction and the indicators I rely on to support it. πŸ“Š By utilizing Bollinger Bands, the 5-day SMA, and my Beacon indicator, I have identified a strong case for the ES reaching 4,974. πŸ“ˆπŸ’ͺ

But that's not all! πŸš€ I also delve into the divergences of the RTY and NQ, highlighting important considerations for traders. Plus, I stress the significance of keeping an eye on ZN as a potential leading indicator for the ES.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.