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S&P 500 Weekend Review & What's Next ->

ES Futures continue their aggressive uptrend but now face a wall of resistance overhead. -> Critical Resistance at 6020–6047, Pullback Levels to Watch (May 19, 2025)

🎙️ Quick Take

Hello traders,

It’s Sunday night and we’re kicking off this week’s Weekend Review with ES Futures sitting in a critical spot. We've had a monster move up, and now we’re approaching the area I've been eyeing for weeks — the 6020–6047 zone — a cluster of monthlies, weeklies, and dailies that marks the top of a bullish imbalance. In the video, I walk you through exactly how I’m planning to play this zone, the key supports I’ll be watching if we pull back, and why buy-the-dip still remains the default unless we lose some very specific levels. I also cover how the Moody’s downgrade isn’t as big of a deal as some are making it, and why I’m not sold on the doom-and-gloom takes — this still looks like a structured, trending market.

Let’s break down the levels, targets, and actionable trade ideas heading into Monday.


📈 Overhead Resistance (Targets & Short Zones):

  • 5976 – Friday’s high; must reclaim to continue the trend

  • 6005 – ETH monthly resistance

  • 6020–6022 – 🔥 Key reversal zone (monthly + weekly + daily confluence)

  • 6040.50 / 6042 – Daily + 4H resistance

  • 6047.50 – End of weekly bullish imbalance + ETH monthly resistance


🛡️ Immediate Support Levels (Buy Zones & Reaction Areas):

  • 5954.75 – Untested 4H + VWAP cluster

  • 5920 – Major weekly pivot; key structure zone

  • 5915.75 – 4H untested support

  • 5906 / 5904 – 4H + ETH daily overlap

  • 5889 / 5885 – Untested daily + monthly + prev weekly VAL

  • 5872 / 5871 – Weekly/monthly cluster + 200DMA

  • 5860 – Caution zone; breakdown risk begins

  • 5847–5848 – Final high-confluence 4H zone before trend structure breaks


🎯 Actionable Trade Scenarios:

Buy-the-Dip Setup (Base Case)

  • If we pull back into 5920–5885, I’m looking for long entries.

  • Confirmation = reclaim of 5976 to target 6005 → 6020.

  • Watch 5870 — if it holds, great bounce potential.

🛑 Short Setup (Against Resistance)

  • Rejection between 5976–6022 = valid short scalp

  • Ideal play: tag 6020–22, fail back under 6005.50 & 5976

  • Targets: 5954 → 5920 → 5904

⚠️ Trend Shift Scenario

  • If 5870 fails, expect a push into 5828 → 5753 → 5711

  • Structure breaks beneath 5711–5690 cluster


📋 Cheat Sheet – ES Key Levels (May 19, 2025)

🔺 Upside Resistance

  • 5976 – Daily + Friday high

  • 6005 – ETH Monthly

  • 6020–6022 – 🚨 Critical reversal zone

  • 6040.50 – Daily

  • 6047.50 – ETH Monthly + imbalance top

🔻 Downside Support

  • 5954.75 – Untested 4H

  • 5920 – Weekly pivot

  • 5904 / 5906 – 4H + ETH daily

  • 5889 / 5885 – Untested daily/monthly/VAL

  • 5872 / 5871 – Cluster + 200DMA

  • 5860 → 5847 – Breakdown watch zone


🧠 Final Notes

We’re coming into a very loaded week. With news flow heating up and price pushing into multi-timeframe resistance, discipline is everything. If we rotate higher into 6020–6047, I’ll be watching for signs of exhaustion and short setups. But if we get a pullback into 5885–5920, that’s a prime dip buy zone I plan to be active in.


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Let’s stay sharp — and together we’ll conquer the markets.

Ryan Bailey
VICI Trading Solutions

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