Bullish setup in play S&P 500 (ESM25) – Key kevels and cosmic confluence guide market path

As market participants navigate a complex technical landscape, the current structure in focus continues to signal a bullish bias—provided key support levels hold. With price action gravitating around the 5900 zone, driven by a confluence of technical indicators including Mars timing, order block (OB) levels, and a fair value gap (FVG) midpoint, the market appears poised for a decisive move.

Nonfarm Payrolls (NFP) and economic indicators

Today's release of the U.S. Non-Farm Payrolls (NFP) report is highly anticipated. A stronger-than-expected NFP could bolster the U.S. dollar and prompt the Federal Reserve to consider tightening monetary policy, potentially pressuring equities. Conversely, a weaker NFP might alleviate rate hike concerns, offering support to the E-mini S&P 500 futures.

Musk-Trump feud impact

The escalating public dispute between Elon Musk and President Donald Trump has significantly impacted market sentiment. Tesla's shares plummeted by over 14%, erasing approximately $150 billion in market capitalization. This turmoil has raised concerns about potential regulatory repercussions for Musk's ventures, including Tesla and SpaceX, which could have broader implications for the tech sector and market stability.

Geopolitical tensions

Recent developments in the Russia-Ukraine conflict, notably Ukraine's drone attacks on Russian airbases, have introduced renewed volatility into global markets. These events have led to a 4.36% increase in oil prices and heightened investor caution, potentially affecting sectors sensitive to energy costs and geopolitical risks.

E-mini S&P 500 (ESM25) – Market analysis June 6, 2025

Today’s release is pivotal.

• • Above expectations → stronger dollar, possible rate hike repricing → bearish equities.
  • Below expectations → risk-on mood, easing fears of Fed tightening → supportive for ES.

Current Price: ~5965 (as of pre-NFP session)

Change of Character (CHoCH)

• • Occurred above 5900 post-sweep of 5860 SSL.
  • Confirmed bullish intent → new market structure high at 5976.

Sell-side Liquidity (SSL) Sweep

• • 5860 sweep was followed by a rapid displacement upward → true low formed.

Fair Value Gaps (FVG)

• • 5900–5928: Bullish FVG → price revisited midpoint and rallied.
  • 5940–5976: Untested imbalance → rejection seen on first test.

Order Block (OB)

• • 5880–5900: Daily OB origin of last upward impulse; aligned with Mars price line.
  • Watch for entries on re-tests with CHoCH from lower timeframes.

Planetary price mapping

Anchor: 0° Aries = 5760. One zodiac degree = 48 points.

Musical Harmonics (Do–Re–Mi–So–Ti Scale).

Volume profile analysis

• Point of Control (POC): ~5900.
  Major volume accumulation; aligns with OB and Mars line.

High Volume Node (HVN): 5910–5925
Acceptance zone → bullish as long as price remains above.

• Low Volume Node (LVN): ~5970.
  Resistance zone → price must gain momentum to fill inefficiency toward 5990–6048.

Trade scenarios

Bullish bias (Preferred setup).

• Trigger:
  Price dips to 5900–5880 OB + lower-timeframe CHoCH confirmation.
• Target:
  6022 → 6032 (Mercury-Jupiter midpoint).

Bearish scenario

• Trigger:
  NFP beats forecast, spike to 6020–6032.
• Setup:
  Fade from 6032 back toward Mi level (5904).
• Support breach risk:
  Break below 5900 targets 5860, then 5816 (prior demand imbalance).

Neutral play (Range strategy)

• Zone:
  5900–5976.
• Approach:
  Fade both ends of the range until NFP resolution.

 Momentum remains in favor of the bulls as long as the 5900 level holds, with validation reinforced by strong volume above 5910. A breakout above the 5976 “Moon line” could open the door to the 5992–6048 resistance zone. However, a close below 5900 would invalidate the current structure, shifting focus toward 5860 and 5816 support levels, potentially triggering a short-term trend reversal.