May 20

Discord access link: https://discord.gg/UPbu6PZFDp

May 20 Plan

Initiative buyers showed up once again above the 5910 BZ level. No interest below Friday’s low resulted in another rally back towards Friday’s high and above.

• Today’s profile has some single prints between 5945.50 and 5947.50. The most bullish scenario would be for buyers to find support above the 5969 BZ level. Their short-term goal should be to get us back above the 6000 psychological level.

Bullish Scenarios:

• Longs above 5969 targeting 5998.

• Longs above 6000 targeting 6028.

Bearish Scenarios:

• Shorts below 5962.75 targeting 5945.50.

• Shorts below 5940 targeting 5910 followed by 5881.

Nasdaq:

• Longs above 21,488.00 targeting 21,833.00.

• Shorts below 21,450.00 targeting 21,243.00.

• Shorts below 21,243.00 targeting 20,930.00.