Technical Analysis for the S&P 500

Stocks are climbing steadily but do not appear to have the momentum they did earlier. I’d wait for a nice dip to consider getting long. We have some support from a minor level at 2915 or so. Watch out because we may be forming a head and shoulders with the neckline at this level. We are bound to face resistance at the high of 2970. We still have a long way to go before trying to break new highs again.


S&P 2020-05-11

S&P Analysis for 2020-05-11


Below are the corresponding levels for MESM2020 (the E-Mini Micro contract expiring in June, 2020).


S&P E-mini Micro 2020-05-11

Technicals and levels for the E-Mini Micro contract.


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