According to Trader XO, both $ES and $SPX have reached the 5980s level, which may indicate a significant resistance point for traders to watch. This level could impact trading strategies for those involved in the S&P 500 futures and index markets.

According to Trader_XO, there has been a sudden and significant movement in the $ES (E-mini S&P 500 futures) and $SPX (S&P 500 index) markets. The tweet highlights an abrupt change, implying potential trading opportunities or risks due to this volatility. Such movements are crucial for traders to monitor as they can signal shifts in market sentiment or upcoming trends.

According to Trader_XO, the current sentiment for $ES and $SPX highlights the importance of the cash session closure. The price is positioned below the 21-week moving average but is maintaining the previous swing low, suggesting potential support. Trader_XO anticipates a short-term bounce from this zone, aiming for targets in the 5980s.