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Looks like a regular correction or profit taking, still the trend is upside.
After couple of days correction the trend continued towards upside.
June contract is in play and its shining ... uptrend is continued
ES/MES is not dropping more then 10 points looks like breathing for another move high.
Is this a buying opportunity
lets c
Long term trend is still intact
Long term trend is still up and any downward correction would be buying opportunity until it crosses 200 moving average.
ES/MES hard time getting above 5250, seems like shorting opportunity soon be available. Lets see what FOMC meeting find on Wednesday.
Market is sideways waiting for the FOMC meeting results, can go in any direction.
Looks like market is settling before any major move.