Day-Trading Scenarios for May 11, 2026

Sideways low volume start to the day.

Previous Day (Friday, May 8, 2026) Recap for YM Jun '26 (YMM26 / E-mini Dow futures):

• Cash Dow Jones Industrial Average closed at approximately 49,609, up a modest ~12 points (+0.02%) or flat-to-slightly positive on the day. It lagged the broader market.

• Futures settled around the 49,691 area (exact settlement varies by source; prior sessions showed trading in the 49,582–49,958 range intraday). Volume was solid but not extreme.

It appears there are funds that are selling into rallies. We will look to do the same.

• Indicators: Mixed-to-cautious near-term. Some sources show "Sell" summaries on shorter timeframes (moving averages and oscillators), with potential negative RSI divergence noted in spots. Momentum has cooled after the strong April/May rally.

• Bias for Today: Cautious/neutral-to-bearish bias in early trade. Watch for a break above recent highs for bullish continuation or failure to hold ~49,500 for deeper pullback. Volatility expected around news/events.

If we break below 49500 I would short heavily.

Existing Home Sales

 10:00 AM ET

3-Month Bill Auction

 11:30 AM ET

6-Month Bill Auction

 11:30 AM ET

3-Yr Note Auction

 1:00 PM ET

<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 5/11/2026

TIME: 9:28 AM

HIGH: 49958

LOW: 49582

CLOSE: 49691

PIVOT: 49744

SUPPORT: 49388

RESISTANCE: 49975

SWING MAGNITUDE: 199

TIME OF COMMENT: 9:28 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services