Bottom-line:
The screenshot is a TradingView-style mobile chart of the June-2025 Micro E-mini S&P 500 Index future (ticker MESM2025). On a 5-minute timeframe the contract is trading at 5 985.75, up a modest +4.75 points (+0.08%) in the pre-cash-session hours. Intraday momentum has cooled after an earlier push to 5 997, and the short-term indicators are leaning neutral-to-slightly-bearish.
What’s visible and why it matters
| Section |
What you see |
Why it’s relevant |
| Quote panel |
Bid 5 985.50 / Ask 5 985.75; last 5 985.75 (+0.08%) |
Tight 1-tick spread (0.25 index point) shows normal overnight liquidity for a Micro contract. |
| Candlesticks (5-min) |
Early rally ~02:30-03:45, peak 5 997; succession of lower highs thereafter; current bar stabilising near 5 986 |
The lower-high sequence plus fading momentum suggests supply entering just below 6 000. Immediate support sits at the session low 5 972.50. |
| Histogram oscillator (likely a MACD or Awesome Oscillator) |
Colors transition from bright greens/blues (positive) to reds (negative) |
Momentum flipped from bullish to bearish around 04:40, confirming the price rollover. |
| RSI panel |
RSI (purple) 47.03 crossing below its signal MA (yellow) 52.85 |
RSI slipped from the 60s into the mid-40s, indicating loss of upward thrust but not yet oversold (<30). |
| Contract/timing info |
“MES1!, 5m” at the bottom; clock 05:34 🌙 with phone signal 5G+ |
Confirms this is very short-term, likely an overnight U.S. Globex session. Price action can be whippy on light volume. |
Quick technical take
- Range defined: 5 972.50 (overnight low) – 5 997.00 (overnight high).
- Momentum cooling: Both the histogram and RSI have rolled over; unless the contract re-claims ~5 992, sellers may test 5 980/5 973 next.
- Big psychological level: 6 000 remains the near-term ceiling; a clean 5-minute close above it would invalidate the current pullback narrative.
Context for traders
• Each Micro E-mini tick = $1.25, so the 24-point overnight swing (~5 973→5 997) represented about $30 per contract.
• Overnight moves often set the tone for the U.S. cash open at 09:30 ET; watch how price behaves around 08:30 ET macro data releases.
• If you’re pairing this with tech-heavy positions (e.g., NVDA, AAPL) the futures can hedge or amplify directional exposure given their strong correlation to the S&P 500 index.
As always, treat short-term futures signals as probabilities, manage size carefully, and have predefined exit levels—micro contracts make precision risk control easier.
6/5/2025 09:36am
