5/6 All Time Highs Continue
Breakouts Across The Board
Lines After Dark
Midweek Market Update - May 6, 2026
The S&P 500 ended the mid week session at all time highs. The market remains bullish until proven guilty. The market remains bullish until proven guilty. The market remains bullish until proven guilty. This will remain the mantra and the base case until such a time where trend, breadth and momentum simultaneously breakdown.
The intent in this stage is to simply enjoy the ride. Just one month ago the risk-off environment cleared, and the rally that has unfolded since has been full of strength. ARKK and IWM are the primary position trades to capture outperformance.
At the time of writing the S&P 500 futures are holding onto the daily advance trading flat at +0.06%