Stretched But Still Climbing: Will Today Finally Pull Back?
Markets gapped up again, but the extension is getting real. Is this the day the rubber band snaps?
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📈 Market Context – May 14, 2025
The market opened with another gap up this morning, pushing close to yesterday’s highs. VIX is down, and the tape is clean — with Tesla approaching 345 and NVIDIA trading near 133. While the trend remains bullish, we're entering an extended zone across multiple names and indices. The short-term rally is overbought, and although there's no clear reversal yet, we’re watching for signs of a potential pullback.
Expect sharp, fast moves in both directions as the market shakes out weak hands. This is not the time to chase — it’s a day to trade with high precision and let price confirm direction.
🔍 Key Levels to Watch
ES: 5862 (support), 5930 (resistance)
NQ: 21,100(support), 21350-21,400 (resistance)
Bullish Scenario
If ES holds above 5862 and builds higher lows, another grind to 5930+ is in play. Look for momentum names like TSLA and NVDA to continue leading the charge.
Bearish Scenario
Failure to hold 5900 or a sharp rejection from 5900 could trigger the first real pullback of this breakout leg. Watch for lower highs and breakdowns below VWAP to trigger short setups.
Mindset Tip of the Day
Extended markets can lure you into chasing. Stay disciplined — the best trades today will come after the first trap.
See you in the next one,
— Shawn
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.