Another Push Higher: Is 6000 the Next Stop — or the Top?

The grind continues, but the higher we go, the thinner the air gets.

Market Context – May 16, 2025
The market opened with another grind higher — up nearly half a percent across major indices. ES is pressing into 5955+ and showing no signs of slowing, while NQ has reclaimed 21,400. VIX is falling again, and tech names like NVDA, TSLA, and BABA are leading the charge. The question now: Where does this move stop?

This is the kind of extension where traders get trapped chasing highs — or too early fading strength. A reversal is inevitable — but calling the exact top in a trend this strong is dangerous. Keep your eyes on exhaustion signals, divergence in internals, and watch how price behaves near the round 6000 level.

Check the Video Analysis

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Key Levels to Watch

• ES: 5912 (support), 5980 / 6000 (resistance)

• NQ: 21,200 (support), 21,600 (resistance)

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Bullish Scenario
If ES breaks 5980 with strong internals, the magnet at 6000 could get pulled quickly. Follow strength in leading tech and low VIX.

Bearish Scenario
Rejection from 5980 or a sharp reversal midday could be the start of the long-awaited pullback. Look for failed breakouts and lower highs on the 5–15 min charts to consider short setups.

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Mindset Tip of the Day
Extended markets can remain irrational longer than you can remain short. Don’t fight the trend — time your entries with precision.

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Smart Traders Guide

Disclosure

The information provided in this article is for educational purposes only and should not be considered as financial advice. Trading and investing in financial markets involve substantial risk, and it is important to conduct your own research and consult with a qualified financial professional before making any investment decisions. The author is not responsible for any financial losses or gains that may result from actions

Trading futures, stocks, and options involves significant risk and is not suitable for all investors. This content is for educational purposes only and does not constitute financial advice.