Prior Trading Day Summary
On Mon May 18 2026 stocks dipped lower but ended the day almost flat as news of a delay in further fighting in Iran dropped the price of oil. This helped push stocks higher.
The S&P fell 5 points to close at 7403. Volume fell to 5.5 billion with 57% of all stocks rising into the close.
The NASDAQ fell 134 points to close at 26,090. Volume rose to 10.6 billion. Into the close 52% of all stocks on the index were falling. Chip stocks in general were weak again on Monday.
Let’s review the closing technical indicators from Mon May 18 2026 to see what they predict for Tue May 19 2026.
Stock Market Outlook: SPX Closing Chart For Mon May 18 2026
The index closed above all major moving averages but below the Upper Bollinger Band. This is bearish.
The closing candlestick is bearish for Tuesday.
The 21 day moving average is rising and closed at 7266. This is bullish.
The 50 day moving average is rising and closed at 6934. This is bullish and the 50 day is gaining on the 100 day which is a bullish sign.
The 100 day moving average is rising and closed at 6937. Each day that the 100 day is above the 50 day is a sign of underlying weakness to the uptrend.
The 200 day moving average is rising and closed at 6739. This is bullish.
The Lower Bollinger Band had stopped climbing which is bearish. The Upper Bollinger Band is moving higher which is bullish.
The SPX chart is more bullish than bearish for Tuesday. A dip is likely today but the close looks like it could end higher.
SPX Stock Market Outlook review of Mon May 18 2026
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is rising. This is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Fri Apr 7 2026. On Mon May 18 2026 the up signal lost most of its strength. A down signal is likely for Tuesday.
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Ultimate Oscillator: The Ultimate Oscillator is rising which is bullish.
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Slow Stochastic: The Slow Stochastic has a down signal in place. It is still overbought.
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Relative Strength Index: The RSI signal is falling.
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| Rate of Change: The rate of change is falling and signaling a lower close is likely. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 7500 is resistance |
| 7450 is resistance |
| 7425 is resistance |
| 7400 is resistance |
| 7370 is resistance |
| 7350 is resistance |
| 7280 is resistance |
| 7250 is resistance |
| 7230 is resistance |
| 7200 is resistance |
| 7190 is resistance |
| 7175 is resistance |
| 7150 is support |
| 7125 is support |
| 7100 is support |
| 7050 is support |
| 7000 is support |
| 6950 is support |
| 6900 is support |
| 6875 is support |
| 6850 is support |
| 6800 is support |
Stock Market Outlook for Tue May 19 2026
For Tuesday the outlook is mixed. On Tuesday before the open we get the latest earnings from Home Depot Stock (HD). If they beat by a wide margin, we should see stocks move higher. Overall stocks are still bullish. Even if Tuesday ends lower, the outlook remains higher for the index.
Potential Economic and Political Market Moving Events
Monday:
No reports are expected
Tuesday:
10:00 Pending home sales are estimated to fall to 1.0% from 1.5% prior