πŸ“Œ Originally published at shunya.trade β€” View with interactive charts & tools.
Shunya.Trade Options Engine

United States Market Post-Market Review

May 08, 202604:30 PM LocalReal-Time Market Data
Gold (GC)
4,725
+0.54%
Nasdaq 100 (NQ)
29,334
+2.27%
S&P 500 (ES)
7,418
+0.74%
Silver (SI)
80.82
+1.40%
Dollar Index (DX)
97.86
-0.39%
Dow Jones (DJI)
49,609
+0.02%
Crude Oil (CL)
94.92
+0.12%
Natural Gas (NG)
2.75
-0.69%
Volatility Index — CBOE VIX
17.2% Moderate
Gold (GC)
Neutral
4,725
+0.54%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (44.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 4,696 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. Momentum at 45 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. MACD histogram prints positive, confirming the bullish impulse leg is intact. At 18.2x normal volume, the flow data confirms institutional participation. This is a high-conviction move.
Support / Resistance
Support4,101
Resistance5,405
Moving Averages
21-day SMA4,699
50-day SMA4,781
100-day SMA4,763
200-day SMA4,286
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 44.7 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)5,405
23.6%5,097
38.2%4,907
50.0%4,753
61.8%4,599
78.6%4,380
Low (100.0%)4,101
Extensions
ExtensionPrice
Ext 1.13 (Up)5,575
Ext 1.272 (Up)5,760
Ext 1.618 (Up)6,211
Ext 1.13 (Dn)3,931
Ext 1.272 (Dn)3,746
Ext 1.618 (Dn)3,295
Trade Setup
Entry
4,725
Stop Loss
4,685
Take Profit
4,805
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor65%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread65%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread65%
Sell near-term + Buy far-term (same strike)
Nasdaq 100 (NQ)
Strong Bullish
29,334
+2.27%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (83.6)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Trading above the 20-day SMA (27,303), the asset maintains its bullish price structure β€” dip-buying remains the high-probability play. The 84 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. MACD histogram prints positive, confirming the bullish impulse leg is intact. Quantitative screening across 31 structures identifies Long Call (72%) as today's top-ranked setup.
Support / Resistance
Support22,962
Resistance29,387
Moving Averages
21-day SMA27,207
50-day SMA25,642
100-day SMA25,536
200-day SMA25,070
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 83.6 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price has broken above the upper Bollinger Band, indicating strong upward strength but risk of reversion.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)29,387
23.6%27,870
38.2%26,932
50.0%26,174
61.8%25,416
78.6%24,336
Low (100.0%)22,962
Extensions
ExtensionPrice
Ext 1.13 (Up)30,222
Ext 1.272 (Up)31,134
Ext 1.618 (Up)33,358
Ext 1.13 (Dn)22,126
Ext 1.272 (Dn)21,214
Ext 1.618 (Dn)18,991
Trade Setup
Entry
29,334
Stop Loss
29,055
Take Profit
29,894
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
S&P 500 (ES)
Strong Bullish
7,418
+0.74%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (72.3)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (7,186), the short-term trend channel favours continuation higher. With RSI at 72, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. The scoring engine flags Long Call with a 72% conviction score β€” the strongest signal in today's scan.
Support / Resistance
Support6,353
Resistance7,428
Moving Averages
21-day SMA7,170
50-day SMA6,892
100-day SMA6,909
200-day SMA6,780
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 72.3 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)7,428
23.6%7,174
38.2%7,017
50.0%6,890
61.8%6,764
78.6%6,583
Low (100.0%)6,353
Extensions
ExtensionPrice
Ext 1.13 (Up)7,567
Ext 1.272 (Up)7,720
Ext 1.618 (Up)8,092
Ext 1.13 (Dn)6,214
Ext 1.272 (Dn)6,061
Ext 1.618 (Dn)5,689
Trade Setup
Entry
7,418
Stop Loss
7,370
Take Profit
7,514
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
Silver (SI)
Strong Bullish
80.82
+1.40%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (51.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 76.68 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. The 52 RSI reading is comfortably above the midline β€” momentum aligns with the directional thesis. Momentum confirmation from MACD β€” the signal line crossover is bullish and the histogram continues to expand. At 10.0x normal volume, the flow data confirms institutional participation. This is a high-conviction move.
Support / Resistance
Support61.09
Resistance95.86
Moving Averages
21-day SMA76.66
50-day SMA77.21
100-day SMA79.55
200-day SMA62.74
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.5 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)95.86
23.6%87.65
38.2%82.58
50.0%78.48
61.8%74.37
78.6%68.53
Low (100.0%)61.09
Extensions
ExtensionPrice
Ext 1.13 (Up)100
Ext 1.272 (Up)105
Ext 1.618 (Up)117
Ext 1.13 (Dn)56.57
Ext 1.272 (Dn)51.63
Ext 1.618 (Dn)39.60
Trade Setup
Entry
80.82
Stop Loss
79.13
Take Profit
84.19
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call79%
Buy OTM Call
Call Ratio Backspread79%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)76%
Sell OTM Put
Dollar Index (DX)
Strong Bearish
97.86
-0.39%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (47.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Loss of the 20-day SMA (98.33) flips the near-term structure bearish β€” the moving average now acts as a ceiling rather than a floor. RSI at 48 lingers below the midline β€” momentum remains in the bears' hands, though not yet at capitulation levels. Momentum confirmation is bearish β€” MACD histogram negative and signal-line crossover pointing lower. Quantitative screening across 31 structures identifies Long Put (70%) as today's top-ranked setup.
Support / Resistance
Support97.56
Resistance101
Moving Averages
21-day SMA98.35
50-day SMA98.97
100-day SMA98.45
200-day SMA98.54
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 47.6 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
LevelPrice
High (0.0%)101
23.6%99.91
38.2%99.46
50.0%99.10
61.8%98.74
78.6%98.22
Low (100.0%)97.56
Extensions
ExtensionPrice
Ext 1.13 (Up)101
Ext 1.272 (Up)101
Ext 1.618 (Up)103
Ext 1.13 (Dn)97.16
Ext 1.272 (Dn)96.72
Ext 1.618 (Dn)95.66
Trade Setup
Entry
97.86
Stop Loss
98.21
Take Profit
97.18
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put70%
Buy OTM Put
Put Ratio Backspread70%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread67%
Sell Call + Buy higher Call
Dow Jones (DJI)
Strong Bullish
49,609
+0.02%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (52.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 49,177 holds as support, keeping the 20-day trend channel intact for now. With RSI at 52, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. Momentum confirmation is bearish β€” MACD histogram negative and signal-line crossover pointing lower. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 62%.
Support / Resistance
Support45,057
Resistance50,130
Moving Averages
21-day SMA49,117
50-day SMA47,875
100-day SMA48,479
200-day SMA47,332
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 52.1 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)50,130
23.6%48,933
38.2%48,192
50.0%47,594
61.8%46,995
78.6%46,143
Low (100.0%)45,057
Extensions
ExtensionPrice
Ext 1.13 (Up)50,790
Ext 1.272 (Up)51,510
Ext 1.618 (Up)53,265
Ext 1.13 (Dn)44,398
Ext 1.272 (Dn)43,677
Ext 1.618 (Dn)41,922
Trade Setup
Entry
49,609
Stop Loss
49,287
Take Profit
50,254
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call62%
Buy OTM Call
Call Ratio Backspread62%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)59%
Sell OTM Put
Crude Oil (CL)
Bearish
94.92
+0.12%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bullish
RSI (56.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (96.44), shifting short-term structure to defensive. The 56 RSI reading is comfortably above the midline β€” momentum aligns with the directional thesis. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. The model's top pick is Long Put (56%) β€” the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support64.85
Resistance119
Moving Averages
21-day SMA96.45
50-day SMA94.47
100-day SMA77.74
200-day SMA69.79
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 56.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)119
23.6%107
38.2%98.61
50.0%92.17
61.8%85.72
78.6%76.54
Low (100.0%)64.85
Extensions
ExtensionPrice
Ext 1.13 (Up)127
Ext 1.272 (Up)134
Ext 1.618 (Up)153
Ext 1.13 (Dn)57.75
Ext 1.272 (Dn)49.99
Ext 1.618 (Dn)31.09
Trade Setup
Entry
94.92
Stop Loss
99.15
Take Profit
86.46
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put56%
Buy OTM Put
Put Ratio Backspread56%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread53%
Sell Call + Buy higher Call
Natural Gas (NG)
Bullish
2.75
-0.69%
Intraday
Bullish
Daily
Bullish
Weekly
Bearish
Monthly
Bearish
RSI (54.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (2.68). The 54 RSI reading is comfortably above the midline β€” momentum aligns with the directional thesis. MACD histogram remains in positive territory, underpinning the current directional move. Across the full 31-strategy universe, Long Call captures the highest score at 56%. Alignment across trend, momentum, and vol regime drives the ranking.
Support / Resistance
Support2.48
Resistance3.49
Moving Averages
21-day SMA2.68
50-day SMA2.85
100-day SMA3.34
200-day SMA3.43
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.0 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)3.49
23.6%3.26
38.2%3.11
50.0%2.99
61.8%2.87
78.6%2.70
Low (100.0%)2.48
Extensions
ExtensionPrice
Ext 1.13 (Up)3.63
Ext 1.272 (Up)3.77
Ext 1.618 (Up)4.12
Ext 1.13 (Dn)2.35
Ext 1.272 (Dn)2.21
Ext 1.618 (Dn)1.86
Trade Setup
Entry
2.75
Stop Loss
2.68
Take Profit
2.89
Risk / Reward
2.0
Buy
Top Options Strategies
Long Call56%
Buy OTM Call
Call Ratio Backspread56%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)53%
Sell OTM Put
Market Search Previews
Key Takeaway
Watch pre-market futures gap for mean-reversion or continuation setups at the open.
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⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.