5/21 Bullish. 270 Buying | 140 Selling.
T2108 is Bullish. Primary Indicator is Bullish. 20% Weekly is Neutral.
The market paused after a six-day S&P 500 win streak, entering a consolidation phase with modest losses across major indices amid limited economic data and mixed corporate news.
Technology and healthcare sectors showed resilience with steady gains, while energy lagged, declining over 1%. Volatility eased as VXX dropped, supporting a cautiously optimistic environment.
Key catalysts include Fed speakers Barkin and Bowman, a 20-year Treasury note auction, and earnings from Amer Sports, Home Depot, and others.
Key Takeaway:
Swing traders should focus on selective long entries in tech and healthcare stocks showing momentum, watching for breakouts near resistance levels. Avoid chasing weak energy names and remain alert to volume shifts around key support zones. Use tight stops below established support to manage risk amid ongoing consolidation.
Watchlist
Continuation: KEYS (S1: 46, S2: 45.5, S3: 45, R1: 48, R2: 48.5, R3: 49)
Anticipation: NVDA (S1: 132.5, S2: 131, S3: 129.75, R1: 135, R2: 136.5, R3: 138)
