{"id":63998,"date":"2025-05-01T02:00:42","date_gmt":"2025-05-01T07:00:42","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=63998"},"modified":"2025-05-01T07:38:59","modified_gmt":"2025-05-01T12:38:59","slug":"market-trends-may-1","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/","title":{"rendered":"Indexes Near Potential Resistance"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-public-materials-Oct-2024b.zip\">here<\/a>. Our new MT ES v2 workspace is\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-ES-v2.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available\u00a0here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/wRJE5WVwumvu\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 5\/5.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 near levels from &#8220;Liberation Day&#8221; on 4\/2<\/li>\n<li>Stochastics dipping from overbought<\/li>\n<li>8-day EMA above 21-day EMA<\/li>\n<li>Potential catalysts for reversal or breakout:\n<ul>\n<li>5\/2: Payrolls<\/li>\n<li>5\/7: Fed meeting<\/li>\n<\/ul>\n<\/li>\n<li>Intermarket:\n<ul>\n<li>VIX potentially stabilizing above 20<\/li>\n<li>Gold potentially stabilizing above 3,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_64002\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-64002\" class=\"size-large wp-image-64002\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250430.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-64002\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<h2>News &amp; Views<\/h2>\n<ul>\n<li>Q1 GDP shrinks 0.3% as imports surge, prices rise more than expected.<\/li>\n<li>S&amp;P Global: S&amp;P 500 full-year EPS estimates -1.8% since 3\/31<\/li>\n<li>Chinese manufacturing PMI 49 vs 49.8 estimate\n<ul>\n<li><em>A weight on energy?<\/em><\/li>\n<\/ul>\n<\/li>\n<li>April consumer confidence 86 vs 87.5 estimate. Worst expectations since October 2011.<\/li>\n<li>U.S. Treasury <em>triples<\/em> Q2 expected borrowing to $514bln<\/li>\n<li>China state broadcaster: U.S. contacting China through multiple channels in hope of trade deal<\/li>\n<li>Apollo&#8217;s Torsten Slok: Risk of job loss, 90% chance of recession amid shortages<\/li>\n<li>Data-center positives in megacap earnings:\n<ul>\n<li>MSFT: Azure revenue +33%, driven by AI.<\/li>\n<li>META: Capex plans raised from $60-65bln to $64-72bln<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Upcoming Events<\/h2>\n<ul>\n<li>Earnings tonight: <strong>*<\/strong><em><strong>AAPL* *AMZN*<\/strong><\/em>\u00a0ROKU AMGN<\/li>\n<li>Fri 5\/2: Non-farm payrolls\n<ul class=\"wp-block-list\">\n<li>Earnings: XOM CVX<\/li>\n<\/ul>\n<\/li>\n<li>Mon 5\/5: ISM services<\/li>\n<li>Tue 5\/6: AMD earnings<\/li>\n<li>Wed 5\/7: EIA crude oil inventories, <strong><em>*FOMC*<\/em><\/strong><\/li>\n<li>Thu 5\/8: Jobless claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Downloads are available\u00a0here. Our new MT ES v2 workspace is\u00a0here. TradeStation\u2019s ideas on TradingView are\u00a0available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 5\/5. Sizing Up the Market S&amp;P 500 near levels from &#8220;Liberation Day&#8221; on 4\/2 Stochastics dipping from overbought 8-day EMA above 21-day EMA Potential catalysts for reversal or breakout: 5\/2: [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-63998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indexes Near Potential Resistance | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indexes Near Potential Resistance | Market Insights\" \/>\n<meta property=\"og:description\" content=\"Downloads are available\u00a0here. Our new MT ES v2 workspace is\u00a0here. TradeStation\u2019s ideas on TradingView are\u00a0available\u00a0here. Check out our next \u201cState of the Market,\u201d on Monday, 5\/5. Sizing Up the Market S&amp;P 500 near levels from &#8220;Liberation Day&#8221; on 4\/2 Stochastics dipping from overbought 8-day EMA above 21-day EMA Potential catalysts for reversal or breakout: 5\/2: [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-01T07:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-01T12:38:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/\",\"name\":\"Indexes Near Potential Resistance | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"datePublished\":\"2025-05-01T07:00:42+00:00\",\"dateModified\":\"2025-05-01T12:38:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/Market-trends-thumbnail-Feb-2025.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2025\/05\/01\/market-trends-may-1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Indexes Near Potential Resistance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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