Bulls Remain In Directional Control

Good Tuesday Morning, MPTraders!  June 3, 2025-- Pre-Market Update:  

A tranquil overnight market for a change... No "shock tweets" and no statements from Governments about tariffs, et al, perhaps awaiting tomorrow's deadline for countries to put forward their "best offers" for a tariff deal on or before Wednesday... 

There was some interesting news, however, from META, which has contracted to buy its AI power needs from Constellation's (CEG) Illinois nuclear power plant for 20 years, reinforcing the coming demand crunch for electricity heading into the second half of this decade. 

My attached WEEKLY chart of URA (Globex Uranium ETF) shows the powerful technical setup pushing up into key multi-week resistance between 31.80 and 34.00, which, if (when) taken out, projects URA to my next optimal target zone of 37.00 to 38.50 en route to 42 to 44 thereafter. 

Any weakness that presses into the 30-32 support window should be considered advantageous entry into the Uranimum bull market... Last in pre-market is 33.09/20... (continued below the URA Chart)...

As for the overall market, my attached Daily Chart of ES tells the technical story: 

As long as any forthcoming weakness is contained within or above my Yellow Box shown on the attached Big Picture Daily Chart that demarcates consequential support from 5917 down to 5863, the bulls will remain in directional control eyeing another test of resistance from 5990 to 6008 that if hurdled and sustained, will trigger a next higher projection to 6090-6110... Last is 5941.25...