$ESM24 – June E-Mini S&Ps (Last:5355.75)

I still consider a pullback to x=5105 more likely than a move straightaway to D=5542. A subsequent rally to the target would not be a done deal, either, given the mild struggle bulls have had surmounting the midpoint Hidden Pivot’s gravitational pull.  Impale it they did not, and that leaves the pattern’s completion to D at least mildly in doubt.  We can still use p=5397 as a minimum upside objective, since that is the most logical place for this rally to stall.