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

United States Market Pre-Market Analysis

May 22, 202609:00 AM LocalReal-Time Market Data
Gold (GC)
4,520
-0.43%
Nasdaq 100 (NQ)
29,572
+0.42%
S&P 500 (ES)
7,498
+0.43%
Silver (SI)
76.01
-0.53%
Dollar Index (DX)
99.31
+0.12%
Dow Jones (DJI)
50,286
+0.55%
Crude Oil (CL)
96.44
+0.09%
Natural Gas (NG)
3.09
+2.32%
Volatility Index — CBOE VIX
16.8% Moderate
Gold (GC)
Strong Bearish
4,520
-0.43%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (50.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (4,611), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. With RSI at 50, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Volume surges to 16.9x the 20-day mean β€” the tape is moving with purpose and broad participation.
Support / Resistance
Support4,101
Resistance5,117
Moving Averages
21-day SMA4,616
50-day SMA4,669
100-day SMA4,783
200-day SMA4,349
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 50.1 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
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
LevelPrice
High (0.0%)5,117
23.6%4,877
38.2%4,729
50.0%4,609
61.8%4,489
78.6%4,318
Low (100.0%)4,101
Extensions
ExtensionPrice
Ext 1.13 (Up)5,249
Ext 1.272 (Up)5,393
Ext 1.618 (Up)5,745
Ext 1.13 (Dn)3,969
Ext 1.272 (Dn)3,824
Ext 1.618 (Dn)3,473
Trade Setup
Entry
4,520
Stop Loss
4,557
Take Profit
4,446
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
Nasdaq 100 (NQ)
Strong Bullish
29,572
+0.42%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (73.0)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (28,672). At 73 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. MACD histogram turns negative, adding weight to the bearish thesis. At 0.2x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support22,962
Resistance29,782
Moving Averages
21-day SMA28,613
50-day SMA26,527
100-day SMA25,930
200-day SMA25,371
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 73.0 (Overbought), indicating price is extended and a pullback is likely.
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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)29,782
23.6%28,172
38.2%27,177
50.0%26,372
61.8%25,567
78.6%24,421
Low (100.0%)22,962
Extensions
ExtensionPrice
Ext 1.13 (Up)30,669
Ext 1.272 (Up)31,637
Ext 1.618 (Up)33,997
Ext 1.13 (Dn)22,075
Ext 1.272 (Dn)21,106
Ext 1.618 (Dn)18,746
Trade Setup
Entry
29,572
Stop Loss
29,260
Take Profit
30,195
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call58%
Buy OTM Call
Call Ratio Backspread58%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)55%
Sell OTM Put
S&P 500 (ES)
Strong Bullish
7,498
+0.43%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (71.0)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 7,362, preserving the near-term bullish structure. At 71 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. Momentum confirmation is bearish β€” MACD histogram negative and signal-line crossover pointing lower. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support6,353
Resistance7,540
Moving Averages
21-day SMA7,354
50-day SMA7,020
100-day SMA6,966
200-day SMA6,834
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 71.0 (Overbought), indicating price is extended and a pullback is likely.
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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)7,540
23.6%7,260
38.2%7,087
50.0%6,947
61.8%6,807
78.6%6,607
Low (100.0%)6,353
Extensions
ExtensionPrice
Ext 1.13 (Up)7,694
Ext 1.272 (Up)7,863
Ext 1.618 (Up)8,273
Ext 1.13 (Dn)6,199
Ext 1.272 (Dn)6,030
Ext 1.618 (Dn)5,620
Trade Setup
Entry
7,498
Stop Loss
7,449
Take Profit
7,596
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call55%
Buy OTM Call
Call Ratio Backspread55%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)52%
Sell OTM Put
Silver (SI)
Strong Bearish
76.01
-0.53%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bullish
RSI (54.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (77.71). The path of least resistance points lower until this level is recovered. RSI at 55 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. MACD histogram negative and deepening β€” the momentum profile reinforces the short-side thesis. At 4.6x normal volume, the flow data confirms institutional participation. This is a high-conviction move.
Support / Resistance
Support61.09
Resistance88.89
Moving Averages
21-day SMA77.64
50-day SMA76.14
100-day SMA80.77
200-day SMA64.86
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 54.5 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
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)88.89
23.6%82.33
38.2%78.27
50.0%74.99
61.8%71.71
78.6%67.04
Low (100.0%)61.09
Extensions
ExtensionPrice
Ext 1.13 (Up)92.50
Ext 1.272 (Up)96.45
Ext 1.618 (Up)106
Ext 1.13 (Dn)57.48
Ext 1.272 (Dn)53.53
Ext 1.618 (Dn)43.91
Trade Setup
Entry
76.01
Stop Loss
78.24
Take Profit
71.54
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put73%
Buy OTM Put
Put Ratio Backspread73%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread70%
Sell Call + Buy higher Call
Dollar Index (DX)
Strong Bullish
99.31
+0.12%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (61.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 98.61 holds as support, keeping the 20-day trend channel intact for now. Momentum holds constructive at 62 β€” firmly in bullish territory with room to run before the tape gets stretched. On the MACD front, the histogram is positive and the fast line sits above the signal line β€” textbook bullish configuration. Quantitative screening across 31 structures identifies Long Call (63%) as today's top-ranked setup.
Support / Resistance
Support97.63
Resistance101
Moving Averages
21-day SMA98.60
50-day SMA98.97
100-day SMA98.52
200-day SMA98.55
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 61.8 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
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
V-Shape Recovery / Double Bottom Formation
Fibonacci Retracements
LevelPrice
High (0.0%)101
23.6%99.93
38.2%99.49
50.0%99.13
61.8%98.78
78.6%98.27
Low (100.0%)97.63
Extensions
ExtensionPrice
Ext 1.13 (Up)101
Ext 1.272 (Up)101
Ext 1.618 (Up)102
Ext 1.13 (Dn)97.24
Ext 1.272 (Dn)96.81
Ext 1.618 (Dn)95.77
Trade Setup
Entry
99.31
Stop Loss
99.04
Take Profit
99.84
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call63%
Buy OTM Call
Call Ratio Backspread63%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)60%
Sell OTM Put
Dow Jones (DJI)
Strong Bullish
50,286
+0.55%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (59.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (49,550), maintaining the positive short-term trend channel. The 59 RSI reading is comfortably above the midline β€” momentum aligns with the directional thesis. MACD histogram negative and deepening β€” the momentum profile reinforces the short-side thesis. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 62%.
Support / Resistance
Support45,057
Resistance50,381
Moving Averages
21-day SMA49,539
50-day SMA48,168
100-day SMA48,613
200-day SMA47,574
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 59.0 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
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%)50,381
23.6%49,125
38.2%48,348
50.0%47,719
61.8%47,091
78.6%46,197
Low (100.0%)45,057
Extensions
ExtensionPrice
Ext 1.13 (Up)51,074
Ext 1.272 (Up)51,830
Ext 1.618 (Up)53,672
Ext 1.13 (Dn)44,365
Ext 1.272 (Dn)43,609
Ext 1.618 (Dn)41,767
Trade Setup
Entry
50,286
Stop Loss
49,974
Take Profit
50,909
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
96.44
+0.09%
Intraday
Bearish
Daily
Bearish
Weekly
Bearish
Monthly
Bullish
RSI (37.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (101), shifting short-term structure to defensive. Momentum at 38 reflects a tape under pressure. Bulls need to push the oscillator back above 50 to shift the narrative. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Thin participation (0.3x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support80.56
Resistance118
Moving Averages
21-day SMA101
50-day SMA98.38
100-day SMA82.19
200-day SMA71.52
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 37.6 confirms strong selling momentum, though nearing oversold territory.
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
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)118
23.6%109
38.2%103
50.0%99.09
61.8%94.72
78.6%88.49
Low (100.0%)80.56
Extensions
ExtensionPrice
Ext 1.13 (Up)122
Ext 1.272 (Up)128
Ext 1.618 (Up)141
Ext 1.13 (Dn)75.74
Ext 1.272 (Dn)70.48
Ext 1.618 (Dn)57.65
Trade Setup
Entry
96.44
Stop Loss
100
Take Profit
89.26
Risk / Reward
2.0
Sell
Top Options Strategies
Long Put49%
Buy OTM Put
Put Ratio Backspread49%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread46%
Sell Call + Buy higher Call
Natural Gas (NG)
Strong Bullish
3.09
+2.32%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (62.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 2.85 β€” the near-term trend structure remains intact. The oscillator at 63 reflects sustained buying interest β€” bulls control the momentum channel. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. Volume registers below average β€” the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support2.48
Resistance3.32
Moving Averages
21-day SMA2.83
50-day SMA2.84
100-day SMA3.22
200-day SMA3.42
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) β€” Trend accelerating upward
Momentum (RSI)
RSI at 62.7 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)3.32
23.6%3.12
38.2%3.00
50.0%2.90
61.8%2.80
78.6%2.66
Low (100.0%)2.48
Extensions
ExtensionPrice
Ext 1.13 (Up)3.43
Ext 1.272 (Up)3.54
Ext 1.618 (Up)3.83
Ext 1.13 (Dn)2.37
Ext 1.272 (Dn)2.26
Ext 1.618 (Dn)1.97
Trade Setup
Entry
3.09
Stop Loss
3.01
Take Profit
3.24
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
Market Search Previews
Key Takeaway
Watch pre-market futures gap for mean-reversion or continuation setups at the open.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets β€” completely free.
Explore Shunya.Trade →
⚠ 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.