
May 31, 2026 · 2 min read
Following up on the analysis from May 31, we are heading into the new week with a strong bullish bias for both Nasdaq (NQ) and S&P 500 (ES).
Here is the breakdown of the roadmap we are watching on the H4 timeframe:
Expect the week open to trigger the first bullish leg. Our immediate targets for this move are the H4 Standard Deviation projections in the -2 to -2.5 area.
Once those initial targets are hit, we anticipate a healthy retracement. The goal of this move down will be to "sweep liquidity" sitting just below key swing lows, flushing out weak hands before the next move.
This is the most critical step in our thesis. During the retracement, we are looking for a Smart Money Tool (SMT) Divergence to form between NQ and ES. We want to see one index make a lower low to grab liquidity, while the other holds a higher low. This divergence confirms institutional accumulation.
Following confirmation from the SMT divergence, we expect the final, most aggressive bullish expansion. This leg aims for the major H4 Standard Deviation projection targets in the -3.5 to -4 area.
Stay disciplined, follow your plan, and let the setup confirm before putting on risk.
Happy trading!
Disclaimer: This is analysis, not financial advice. Trading futures involves significant risk.

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