Emini S&P 500 Clears Our Three Resistance Hurdles

Good Tuesday Morning, MPTraders!  March 25, 2025-- There are five trading sessions remaining in March and Q1 2025--- Apart from headline risk on tariff policy, today's potentially market-moving Economic data could be in reaction to the S&P/Case-Shiller Home Price Index Survey or the Conference Board's update on Consumer Confidence. Otherwise, the markets will begin to focus on Friday's PCE Inflation Data... 

On a scale from 1 to 10, my technical confidence in the sustainability of the post-3/13/25 upmove from 5561.50 through yesterday's powerful upmove to 5825-- extended to 5834 so far this AM in pre-market action-- climbed from 3 to 7...

My attached Big Picture Daily Chart of ES shows that since last Friday's upmove, the price structure has cleared my three resistance hurdles and now is poised to challenge 5860, which, if (when) taken out, will trigger a run at 5900-5920.

Only a bout of weakness after a failed attempt to sustain above 5860 that presses ES beneath key near-term support from 5785 down through 5750 will Neutralize my currently positive outlook... Last is 5832.25... 

Next Up: SPY and then BX (Blackstone Inc) by popular request from yesterday...