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

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!