What To Expect In Final Trading Session of H126
Good Tuesday Morning, MPTraders! June 30, 2026-- Pre-Market Update:
-- Today is the final trading session of June, Q2, 2026, and H1, 2026-- and for that reason, some wild things could happen despite the "summer holiday feel" the markets might project into the July 4th long weekend...
-- For starters, my Big Picture ES setup shows the price structure attempting to hurdle the down-sloping 20 DMA, now at 7504, with the up-sloping 50 DMA at 7475.
In other words, while ES is circling 7500 as we speak, consequential CLOSING resistance hovers at 7504 and consequential CLOSING support resides at 7475.
A positive, bullish conclusion to June, Q2, and H1 will be a CLOSE above the 20 DMA...
Conversely, a negative, potentially bearish conclusion to June, Q2, and H1 will be a CLOSE below the 50 DMA...
Next up: Today's consequential session from the perspective of the SPY...
