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

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

Traders entered the final week of May with bullish momentum, as the market surged over 100 points from Friday’s close following an unusually wide overnight range. Key economic data — including durable goods and consumer confidence — are set to shape intraday sentiment, with attention turning to Nvidia’s earnings guidance midweek. Analysts are watching a major chop zone and potential gap fill area for signs of reversal or continuation. With bulls firmly in control above the bull/bear line, the session hinges on whether price can hold or retreat from key magnet levels.

RESOURCES:

Opening Remarks

Good morning! Welcome to the AM Briefing for Tuesday, May 27th — the last week of the month — episode number 436, brought to you by MicrosTrader.com, where together we trade better.

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

Isn't that the truth? It's the same thing when you're an adult — who you hang around with, you tend to become.

Tip of the Day

Monday is part of the overnight session. Last night’s session took out both high and low — a massive, somewhat irrelevant range for markings, but notable due to its size. Today features durable goods data, consumer confidence 30 minutes into RTH, and a minor FOMC speaker. Eyes are on Nvidia’s report tomorrow, and I’ll be live in the afternoon to cover it.

Weekly Reflection

If you're journaling this week, reflect on which trade you exited too early and why. What would have happened if you had followed your plan like perfect chess? Trader Meditations journaling software offers this as a prompt to deepen self-awareness and strategy alignment.

Chart Review: Price Action and Overnight Movement

Since Sunday’s open, the market is up nearly 93–100 points. Strong movement, but not ideal for initiating longs at this point. Not favorable for shorts either — we're at a wait-and-see moment. The overnight session tagged single prints from May 21st, suggesting bulls remain in control for now.

Key level to watch: 5882.25 — likely reaction zone.

Chop Zones & Magnet Levels

The chart reveals a chop zone that aligns with the bull/bear line and a prior gap fill from Friday. Re-entry into this area with strength could signal a shorting opportunity. Additionally, two back-to-back Asia lows form a powerful magnet — watch how price reacts there. The ladder back long is riskier here due to that downward magnet pull and potential backtest of a broken trend line.

Market Overview

All indices are up — the train is moving and bulls are at the wheel. The key dividing line is the bull/bear zone; above it, bulls are firmly in control. It’s hard to short into bullish strength above this level. Keep monitoring price reactions closely as we move into the session.

SUMMARY:

  • ✅ Monday’s session is best viewed as an extended overnight due to the holiday
  • ✅ Market ripped over 100 points from Friday’s close, signaling strong bullish momentum
  • ✅ Key area to watch: gap fill zone and chop region around the bull/bear line
  • ✅ Asia session lows create a potential magnet for downside targets
  • ✅ Reflection prompt for the week: analyze trades exited too early and understand why

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