June E-Mini S&P: Futures are in the midst of a 4-day uptrend which commenced off of last week's May low at 1302 with overnight action soaring into the 1342-1346 Resistance zone. As the Bulls battle structured resistance at 1342-1346 R1, we have a Flat to Bullish bias for today. Trade overtaking 1346 reinforces the Bulls and guns for all upper listed Resistance targets at 1350 to 1364 R2 to R3. Any pullbacks today can be bought into against 1334 S1 (Gap fill) and against 1330-1325 S2 Support ranges. Stops can be placed 1 handle below each respective zone.

Off the open, a short trade may be offered against 1342-1346 R1 Resistance with Stops above 1347 suggested. Failures to trade above 1346 calls for a pullback into the Gap with a chance for shorts to profit against 1334 S1 Support to 1330-1325 S2 Support. Trade below 1325 neutralizes the Bulls today, but only trade or a close below 1320 shifts the daily outlook in favor of the Bear Camp, sending prices back into the 1315 to 1300 range.

Daily Chart:

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