S&P 500 E-mini Futures 1st May 2021 - Monthly Report

 

S&P 500 E-mini Futures

IT WON'T SURPRISE ME TO SEE PRICE MOVE UP TOWARDS 4332, EITHER BY  LATE MAY / JUNE

AND IF IT DOES MOVE THAT HIGH, I THINK IT WOULD BE WISE TO BE MOVING INTO CASH ON MOST ITEMS, INCLUDING CRYPTO 


It's trading above the 2021 highs at 4014, which matches the MAY 50% level.

I'd be surprised to see it below this level early in MAY, even though it could move down into the Weekly lows at 4107-17 (support)

The Target remains the 2nd Quarterly highs in MAY at 4332, which aligns hitting in MAY and it's own highs

After that, I'd keep an eye on any 5-day low breakouts.