Day-Trading Scenarios for May 20, 2026

Low volume rebound after yesterday. Nvidia earnings after close. The Institutions have the advantage here--they know the numbers.

We want to buy SMF moves up and short SMF moves back up this morning.

The cash Dow Jones Industrial Average (DJIA) closed down 322 points (-0.65%) at 49,363.88, after trading in a range roughly from ~49,245 to 49,697. This marked the third straight losing session for the broader market, with the S&P 500 down ~0.7% and Nasdaq Composite down ~0.8%.

Focus is on FOMC Minutes (2:00 PM ET) from the prior meeting and several Fed speeches (e.g., Governor Michael Barr at 9:15 AM ET). These could provide color on rate policy amid sticky inflation concerns, elevated oil prices (~$108–111/bbl WTI/Brent), and the yield surge.

• Nvidia earnings (after close) remain a major event—expectations are high for AI-driven results, with potential for significant volatility spillover into indices.

• Geopolitics (Iran/Middle East, oil, Strait of Hormuz risks) and bond market moves continue as macro overlays.

MBA Mortgage Applications

 7:00 AM ET

Michael Barr Speaks

 9:15 AM ET

Atlanta Fed Business Inflation Expectations

 10:00 AM ET

EIA Petroleum Status Report

 10:30 AM ET

Treasury Buyback Announcement (Preliminary)

 11:00 AM ET

4-Month Bill Auction

 11:30 AM ET

20-Yr Bond Auction

 1:00 PM ET

FOMC Minutes

 2:00 PM ET

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DATE: 5/20/2026

TIME: 8:57 AM

HIGH: 49838

LOW: 49324

CLOSE: 49459

PIVOT: 49540

SUPPORT: 49293

RESISTANCE: 49834

SWING MAGNITUDE: 221

TIME OF COMMENT: 8:57 AM

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