Pre-market outlook for 5/20/26

Good morning traders. ES Futures up 30 points (.43%), VIX is around 18 and oil is down below $110 a barrel. I look for an up opening and then probably a sideways to up day. leading up to Nvidia earnings after the bell today. What is the probability that the SPX will be down 4 days in a row since 1957? 1.4%. So that would be considered rare. That is a 98.6% chance that we will have an up day. No guarantee but the probabilities favor it. Since I had a great night's sleep and am well rested, my plan is to let my two positions that expire today, expire at .05 dtc snd replace them. I also have a 5/21 that will probably be closed for a full profit. We will see if my decision to not roll yesterday will be a good one. Plans or thoughts anyone?

Posted May 20, 2026, 12:55 PM UTC

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