ESM24 – June E-Mini S&Ps (Last:5327.25)

The move past p=5253.00 was accomplished with such ease that further upside to at least p2=5397.75 should not be doubted.  There appears to be sufficient power, actually, to reach D=5542.50, but we’ll be paying particularly close attention to signs of a downturn from the lower number, since getting there would represent the marginal breakout that has the unique power to trap all players badly at the top. Meanwhile, a pullback on the lesser charts could provide an opportunity to get aboard belatedly, or to augment an existing position, with relatively little risk.