Day-Trading Scenarios for May 15, 2026

Market taking a breather.

Profit taking will give us a test of bigger support at 49631. We did take a banker's flush long earlier at 49665. Next resistance is at 49920 for a short.

The cash Dow Jones Industrial Average rose ~370 points (+0.7%) to close at approximately 50,063, reclaiming the 50,000 level for the first time since the escalation of the US-Iran conflict earlier in the year. It traded in a range with a high near 50,200.

YM 06-26 futures settled around the 50,154 area after trading a session high near 50,292 and low in the 49,850s. The move was supported by strong earnings (notably Cisco) and a positive risk tone amid the Trump-Xi summit discussions.

Expect choppy trade around the 50k level with potential downside pressure early on profit-taking and macro headlines. A hold above 49,600–49,700 keeps the bullish structure alive for another leg higher toward new highs. Watch oil, yields, and any Fed-related commentary closely.

10-Yr Note Settlement

30-Yr Bond Settlement

Empire State Manufacturing Index

 8:30 AM ET

Industrial Production

 9:15 AM ET

Baker Hughes Rig Count

 1:00 PM ET

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DATE: 5/15/2026

TIME: 9:25 AM

HIGH: 50292

LOW: 49850

CLOSE: 50154

PIVOT: 50099

SUPPORT: 49631

RESISTANCE: 50212

SWING MAGNITUDE: 211

TIME OF COMMENT: 9:25 AM

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