HomeMarketsTechnical Analysis5900 Continues to Be Resistance Focus, Broader Participation Key

5900 Continues to Be Resistance Focus, Broader Participation Key

Kevin Green says today's weakness is not the full picture as he highlights a broader participation across the entire market as opposed to Wednesday's larger concentration in the Mag 7 and Comm. Services stocks. KG believes there is a little bit of "exhaustion" in this week's rally, but adds that bears don't have a "real reason to aggressively sell off this market." Later, Kevin examines the longer-term E-Mini S&P 500 Futures (/ES) chart, comparing the current rally to a 2022 scenario. And, he looks at the inverted head & shoulder pattern taking place in the 10-year treasury yield futures (/10Y).

Morning Trade Live

15 May 2025

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