ES Morning Update June 27th 2025
As get ready for a new month the market is likely to continue this grind higher into the holiday next week where it should put in a high on July 3rd I think. It will keep everyone long over the 4th of July weekend where the following week we should see the market rollover and start the much needed pullback. Not much to do until then I think. Maybe we will see NVDA hit its’ FP of 160.22 at the same time?
I posted the below chart on X yesterday, so I’m adding it again here. It’s the big picture wave count.
Keep in mind though that the 6350 level is just a “best guess”. I could be wrong on it and we top this coming July 3rd for a lesser amount? We are close it now, so that’s not hard to do between now and next Wednesday. I had thought it would be out into August to hit that level but we could see it next week.
On the SPX it would be around the 6200-6250 zone, and lets call it the 6300-6350 zone for the ES. The SPY should be 618+ I’d think, and of course NVDA should hit its’ FP of 160.22 for it to top. It will be perfect timing if it all happens next week.
Have a great weekend.
Source: http://reddragonleo.com/2025/06/27/es-morning-update-june-27th-2025/
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