S&P 500 Index Performance at Closing:

Week ending: Friday, May 15, 2026

The US stock market experienced a week filled with sharp volatility as the S&P 500 index managed to record a new historical peak, its 18th peak during 2026, on Thursday's session before facing profit-taking and intense selling pressure on Friday due to economic data and increasing concerns about inflation and the trajectory of monetary policy.

• Closing Price: 7,408.50 points.

• Daily Change: -92.74 points (-1.24%).

• Highest Level during the Session: 7,517.12 points.

• Lowest Level during the Session: 7,338.54 points.

Despite the sharp decline on Friday, the index ended the week on a slight upward bias, with a change of approximately 0.13%+ compared to the previous week’s closing 7,398.93.

Key Influencing Factors

April's inflation data confirmed market fears as the Consumer Price Index (CPI) rose by 0.6% month-on-month and 3.8% year-on-year, driven by a surge in energy prices. More concerning was the Producer Price Index (PPI), which jumped by 1.4% month-on-month, the highest since 2022, to increase by 6.0% year-on-year, reinforcing the notion of stubborn inflation.

Statements from Federal officials confirmed that inflation is moving in the wrong direction, coinciding with the end of Jerome Powell's term and the Senate's move to confirm Kevin Warsh as his successor, placing the markets in a phase of awaiting signals regarding the upcoming monetary policy amid diminishing chances of a rate cut soon.

Technical Situation

From a technical standpoint, the closing candle of the week, particularly Friday's behavior, reflects a clear retreat from high liquidity areas above the 7,500 levels.

Pivot Point: 7,441 points

First Support: 7,375 a critical level representing Wednesday's session low.

Second Support: 7,338 the week's low; breaking this level opens the door to a deeper correction.

Main Support: 7,300 the psychological barrier and an important moving average.

First Resistance: 7,460 points.

Second Resistance: 7,500 - 7,517 the area of the historical peak registered this week.

Expected Scenarios

Scenario One: Positive

The index stabilizes above support levels 7,375 and 7,400 at the start of trading, with buying forces emerging at these levels.

The target would be to return to test the pivot point at 7,441 and if breached, the index will aim to try to target the historical peak areas at 7,500 points.

Scenario Two: Negative

Breaking below levels of 7,400 and maintaining below it, followed by breaking the weekly low at levels of 7,338 points.

This break will activate a broader corrective pattern targeting main support levels at 7,300 then 7,260 where these areas represent opportunities to build new buying positions for the medium term.

Conclusion

It is advisable to reduce risks and contract sizes and focus on sectors benefiting from inflation such as energy, while strictly adhering to stop-loss levels due to the expected high volatility.

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