Thursday May 7th, 2020by Mike Paulenoff ES (S&P 500 E-mini futures) at the end of the first hour of trading, exhiibts a triple peak in the 2286-2888 area-- the upper boundary zone of the larger rangebound market shown on the attached chart. To trigger upside acceleration, ES needs to take out the upper boundary zone and sustain above it, to gain bullish traction towards 2900/20 next. Conversely, to take some steam out of the overnight upleg, ES needs to break 2868.75... Keep in mind, tomorrow morning we get the Jobs Report for April... Last is 2876.75 Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking.Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com * Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page .