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, 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.