ES & MES Futures Trading – Key Levels & Technical Analysis Monday

Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room



On a holiday-shortened trading day, the futures market saw a significant gap up with strong performance in the Qs, but seasoned traders advised caution due to expected low volume and choppy structure. Attention now shifts to major midweek catalysts, including Nvidia earnings and the release of FOMC meeting minutes, both likely to introduce heightened volatility. Chart analysis highlighted key resistance and support levels with an emphasis on discipline and risk management, particularly in uncertain market conditions. The session closed with reminders to prioritize trader refinement, journal review, and readiness for the post-holiday trade environment. RESOURCES:
            
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TRANSCRIPT:

Opening Remarks

Good morning everyone! Welcome to the AM briefing on this holiday Monday. Although it’s Memorial Day, the market is open until noon. This is episode 435, dated May 26th.

"The one who walks with the wise will become wise, but the companion of fools will suffer harm."

Tip of the day: pick your system, stick to it, measure it, and refine yourself. Journaling is critical—review your trades and your mindset on the weekends to improve consistently.

Market Drivers This Week

Memorial Day is today, and while it's a day of remembrance, it also invites reflection on the freedoms we enjoy. Major events this week include Nvidia earnings and the FOMC minutes on Wednesday, followed by PCE data Friday morning. Nvidia is expected to move nearly 8% based on guidance.

Chart Review & Trade Cautions

The market gapped up and took out the RTH high and London high. A small short yielded no real gains. Watch zones around RTH and overnight highs as key markers.

Key level to watch: 5882.25 — likely reaction zone.

Today is a “no-trade” day unless already in profit. Candlesticks and price structure look messy, and volume is low. Patience and higher timeframes are the tools of choice today.

Strategy and Levels

Trend lines that were relevant have now broken, and new lines are forming. We're on the "northbound train" for now, and the focus should be on how price reacts near strong ranges and previous highs. Stay out of the middle chop zone.

SUMMARY:

  • ✅ Scripture and mindset tip emphasize refining the trader more than the system
  • ✅ Nvidia earnings and FOMC minutes expected to drive major volatility mid-week
  • ✅ RTH high, gap up, and overnight high form key confluence zones to watch
  • ✅ Low-volume holiday session advised as “no-trade” day unless in profit
  • ✅ Key trade zones include strong upper and lower ranges—avoid mid-range chop





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