## ES (S&P 500) Futures Analysis

### **Current Situation**

1. **Price**: The ES futures contract (ESM2025) is currently at 5,391.25, up +89.25 (+1.68%) today.
2. **EMA**:
- EMA 5,749.80 is above the current price, indicating potential resistance.
- EMA 5,639.12 is also above the current price.

3. **RSI**: The Relative Strength Index is at 43.96, suggesting the market is neither overbought nor oversold.

### **Technical Analysis**

#### **Elliott Wave Theory**
- The chart suggests the completion of a 5-wave upward move, labeled (1) through (5).
- Currently, it seems the market might be undergoing a corrective phase.

#### **EMA Analysis**
- **EMA 5,749.80**: This EMA level might act as significant resistance.
- **EMA 5,639.12**: Like the other EMA, it presents resistance.

#### **RSI Divergence**
- The chart marks "Bear" zones. The RSI reading of 43.96 doesn't confirm oversold conditions, but it's approaching that area.

### **Recommendations for Traders**

1. **Short-Term Strategy**:
- Watch for resistance around the 5,640 level (EMA 5,639.12). A failure to break above this level could signal a continuation of the downward correction.
- If the price breaks above 5,640, it could test the higher EMA around 5,750.

2. **Medium-Term Strategy**:
- Be cautious about the potential for a deeper correction following the completion of the 5-wave pattern.
- Key support levels to watch include prior wave 4.

3. **Levels to Watch**:
- Resistance: 5,639.12 and 5,749.80.
- Support: Prior wave 4.

### **Conclusion**

The ES futures appear to be in a corrective phase after completing an upward 5-wave pattern. Traders should watch key resistance levels and be aware of the potential for further downside. A break above the EMAs could signal a continuation of the uptrend.


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Answer from Perplexity: perplexity.ai/search/provedi-analiz-dvizheniia-tsen-LJo3GYGgQm6kiLbtOscCTw?0=d&utm_source=copy_output