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Blue Line Futures Research

$QQQ $SPY RALLY ON POSITIVE TECHNICAL SIGNALS | Midday Market Minute | 5.13.22

Posted: May 13, 2022, 12:21 p.m.


We have a nice Friday Rally on our hands with the S&P above 4000! 4056 is the previous low which will bring resistance. Nasdaq resistance levels are highlighted on the Morning Express Research:

April was not intended to be an inflection point for inflation, however Jerome Powell reiterated the 50 basis point hikes. June July & August are the inflection points, which will be released in July August & September.

Short Term Bottom Signs:

-S&P down 20% for the year & reversed.

-Nasdaq held the 50% Fibonacci Retracement from the Pandemic Lows to All Time Highs

-Vix Divergence Crude is trading higher, but $111-$111.50 is heavy resistance.

Blue Line Futures is re-positioning in Gold and Silver with HARD STOPS. If China comes off of lockdowns, it will be a tailwind for the metals.



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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.



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