The Candles Are Bullish… BUT Is a Reversal on the Horizon?

6 May

Back on April 28th, we talked about the ES potentially pushing higher — and guess what? It did exactly that! 🎯

Now we find ourselves at a key crossroads.

A new month is here, and with the previous monthly candle officially closed, there’s a strong case to be made for even higher prices — possibly up to the 5776 level. 📈 That said, I’ll be diving into the analysis today where I’ll also touch on some reasons why short-term selling could still show up.

To be fair, the price action from April (1st–30th) hasn’t given us a lot of evidence for a major reversal, but as always, it’s our job as analysts to stay sharp and open to all possibilities — especially in today’s climate.

Right now, I’m still on board the bullish train 🚂 and the charts continue to suggest upward momentum. But I’ll be watching closely for any shifts that might hint at a change.

What about you? What’s your take on the current setup? Let’s get the conversation going — I’d love to hear your thoughts!

Let's Keep Studying - One Candlestick At A Time!

6 May

Not

Take a look at the expansion...



Yes we are still bullish but for intraday trading you have to be more flexible. Those shorts over night is setting the stage for shift lower of MANIPULATION.