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

United States Market Pre-Market Analysis

May 28, 202609:00 AM LocalReal-Time Market Data
Gold (GC)
4,439
-0.18%
Nasdaq 100 (NQ)
30,044
-0.01%
S&P 500 (ES)
7,538
-0.03%
Silver (SI)
73.96
-0.85%
Dollar Index (DX)
99.18
-0.03%
Dow Jones (DJI)
50,644
+0.36%
Crude Oil (CL)
90.57
+2.13%
Natural Gas (NG)
3.08
+1.15%
Volatility Index — CBOE VIX
16.6% Moderate
Gold (GC)
Strong Bearish
4,439
-0.18%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (18.2)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 4,589 now acts as overhead resistance β€” bears have reclaimed near-term control. At 18, the momentum gauge is deeply oversold. Mean-reversion setups become statistically attractive, though confirmation is key. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. Volume surges to 18.1x the 20-day mean β€” the tape is moving with purpose and broad participation.
Support / Resistance
Support4,101
Resistance4,950
Moving Averages
21-day SMA4,587
50-day SMA4,636
100-day SMA4,787
200-day SMA4,364
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 18.2 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
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%)4,950
23.6%4,749
38.2%4,625
50.0%4,525
61.8%4,425
78.6%4,282
Low (100.0%)4,101
Extensions
ExtensionPrice
Ext 1.13 (Up)5,060
Ext 1.272 (Up)5,180
Ext 1.618 (Up)5,474
Ext 1.13 (Dn)3,990
Ext 1.272 (Dn)3,870
Ext 1.618 (Dn)3,576
Trade Setup
Entry
4,439
Stop Loss
4,474
Take Profit
4,370
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put80%
Buy OTM Put
Put Ratio Backspread80%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread77%
Buy Put + Sell lower Put
Nasdaq 100 (NQ)
Strong Bullish
30,044
-0.01%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (69.7)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price holds above the 20-day moving average at 29,082, preserving the near-term bullish structure. At 70 on the RSI, the asset is technically overbought. Momentum can sustain here, but the probability of a corrective pause rises. The MACD reading is bearish β€” histogram below zero and expanding, suggesting selling pressure has momentum behind it. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support22,962
Resistance30,379
Moving Averages
21-day SMA28,999
50-day SMA26,853
100-day SMA26,066
200-day SMA25,467
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 69.7 confirms strong buying momentum, with room to run before becoming extremely overbought.
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%)30,379
23.6%28,628
38.2%27,546
50.0%26,670
61.8%25,795
78.6%24,549
Low (100.0%)22,962
Extensions
ExtensionPrice
Ext 1.13 (Up)31,343
Ext 1.272 (Up)32,397
Ext 1.618 (Up)34,963
Ext 1.13 (Dn)21,997
Ext 1.272 (Dn)20,944
Ext 1.618 (Dn)18,377
Trade Setup
Entry
30,044
Stop Loss
29,735
Take Profit
30,663
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
Bull Call Spread69%
Buy Call + Sell higher Call
S&P 500 (ES)
Strong Bullish
7,538
-0.03%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (67.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 7,415 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. The momentum gauge prints 68 β€” historically, readings above 65 precede short-term retracements in this name. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support6,353
Resistance7,571
Moving Averages
21-day SMA7,404
50-day SMA7,071
100-day SMA6,985
200-day SMA6,851
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 67.6 confirms strong buying momentum, with room to run before becoming extremely overbought.
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%)7,571
23.6%7,283
38.2%7,106
50.0%6,962
61.8%6,818
78.6%6,614
Low (100.0%)6,353
Extensions
ExtensionPrice
Ext 1.13 (Up)7,729
Ext 1.272 (Up)7,902
Ext 1.618 (Up)8,323
Ext 1.13 (Dn)6,195
Ext 1.272 (Dn)6,022
Ext 1.618 (Dn)5,601
Trade Setup
Entry
7,538
Stop Loss
7,490
Take Profit
7,632
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call66%
Buy OTM Call
Call Ratio Backspread66%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread63%
Buy Call + Sell higher Call
Silver (SI)
Strong Bearish
73.96
-0.85%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (40.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (77.95). The path of least resistance points lower until this level is recovered. At 40, the momentum oscillator reinforces the bearish lean. Sellers have the edge in the near-term. The moving-average convergence divergence reading confirms downside pressure with a negative and deepening histogram. At 15.8x normal volume, the flow data confirms institutional participation. This is a high-conviction move.
Support / Resistance
Support61.09
Resistance88.89
Moving Averages
21-day SMA77.65
50-day SMA75.82
100-day SMA80.84
200-day SMA65.42
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.0 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
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
73.96
Stop Loss
75.95
Take Profit
69.99
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put69%
Buy OTM Put
Put Ratio Backspread69%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread66%
Buy Put + Sell lower Put
Dollar Index (DX)
Strong Bullish
99.18
-0.03%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (65.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (98.68) remains unbroken on the downside β€” bulls retain structural control of the near-term tape. The 65 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. The scoring engine flags Long Call with a 71% conviction score β€” the strongest signal in today's scan.
Support / Resistance
Support97.63
Resistance101
Moving Averages
21-day SMA98.69
50-day SMA98.93
100-day SMA98.55
200-day SMA98.56
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 65.2 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
Higher Highs and Higher Lows (Uptrend Structure)
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
99.18
Stop Loss
98.94
Take Profit
99.67
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call71%
Buy OTM Call
Call Ratio Backspread71%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread68%
Buy Call + Sell higher Call
Dow Jones (DJI)
Strong Bullish
50,644
+0.36%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (60.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA (49,757) remains unbroken on the downside β€” bulls retain structural control of the near-term tape. Momentum holds constructive at 61 β€” firmly in bullish territory with room to run before the tape gets stretched. MACD confirms the directional momentum: histogram above zero and widening. The impulse leg has room to extend. Our 31-strategy scoring model ranks Long Call as the highest-conviction play at 80%.
Support / Resistance
Support45,057
Resistance50,830
Moving Averages
21-day SMA49,728
50-day SMA48,399
100-day SMA48,681
200-day SMA47,671
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 60.6 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
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%)50,830
23.6%49,468
38.2%48,625
50.0%47,944
61.8%47,263
78.6%46,293
Low (100.0%)45,057
Extensions
ExtensionPrice
Ext 1.13 (Up)51,581
Ext 1.272 (Up)52,401
Ext 1.618 (Up)54,398
Ext 1.13 (Dn)44,307
Ext 1.272 (Dn)43,487
Ext 1.618 (Dn)41,489
Trade Setup
Entry
50,644
Stop Loss
50,349
Take Profit
51,235
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call80%
Buy OTM Call
Call Ratio Backspread80%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread77%
Buy Call + Sell higher Call
Crude Oil (CL)
Strong Bearish
90.57
+2.13%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (44.5)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (99.48). The path of least resistance points lower until this level is recovered. The 44 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. Low-conviction tape β€” volume at 0.3x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support80.56
Resistance118
Moving Averages
21-day SMA99.83
50-day SMA98.08
100-day SMA83.20
200-day SMA71.93
Moving Average Signals
Bearish short-term cross (21-EMA crossed below 50-SMA) β€” Trend accelerating downward
Momentum (RSI)
RSI at 44.5 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
Lower Highs and Lower Lows (Downtrend 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
90.57
Stop Loss
93.75
Take Profit
84.20
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put80%
Buy OTM Put
Put Ratio Backspread80%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread77%
Buy Put + Sell lower Put
Natural Gas (NG)
Strong Bullish
3.08
+1.15%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bearish
RSI (66.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Near-term structure remains constructive with price trading above the 20-day SMA (2.90). RSI reading of 66 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support2.48
Resistance3.27
Moving Averages
21-day SMA2.89
50-day SMA2.83
100-day SMA3.20
200-day SMA3.42
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 66.4 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%)3.27
23.6%3.08
38.2%2.97
50.0%2.88
61.8%2.78
78.6%2.65
Low (100.0%)2.48
Extensions
ExtensionPrice
Ext 1.13 (Up)3.37
Ext 1.272 (Up)3.48
Ext 1.618 (Up)3.76
Ext 1.13 (Dn)2.38
Ext 1.272 (Dn)2.27
Ext 1.618 (Dn)2.00
Trade Setup
Entry
3.08
Stop Loss
3.00
Take Profit
3.23
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call80%
Buy OTM Call
Call Ratio Backspread80%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread77%
Buy Call + Sell higher Call
Market Search Previews
Key Takeaway
Analyze VIX term structure (contango vs backwardation) to assess whether hedging demand supports directional or premium-selling strategies.
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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.