S&P 500 (SPY) Report – 5/27/22

Good morning!

The S&P 500 (SPY) is trading slightly higher than yesterday’s close. Let’s get into it…

In the news, Russia is poised to default on its sovereign debt, according to White House press secretary Karine Jean-Pierre, who added that Russia “will likely fail to satisfy its commitment and face default, a lasting symbol of their standing as a pariah in the global financial system.”

Potential Intraday Resistance Levels
5/17/22 High of Day: $408.57

Potential Intraday Support Levels:
5 Day EMA (1Y:1D): $398.75

Note: Moving averages are reported from the previous trading session and will change during the next trading session. 

Friday Economic Events:
James Bullard scheduled at 7:35am ET
International Trade in Goods 8:30am ET
Personal Income and Outlays 8:30am ET
Wholesale Inventories 10:00am ET
Consumer Sentiment 10:00am ET
Baker Hughes Rig Count 1:00pm ET
Bond Market Early Close 2:00pm ET

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