Weekly Recap: April 27 – May 1, 2026
The S&P had a solid week, grinding +98 points higher to close at 7247.38 for a +1.4% gain. What made this interesting wasn't just the move itself, but how it unfolded across the five sessions.
Monday started us strong with a +21.5 point rally from the 7186 open to close at 7207.5. Clean uptrend day that set a bullish tone. Tuesday and Wednesday told a different story — we saw some giveback with lower opens and compressed ranges. Tuesday opened at 7166.25 (gap down from Monday's close) and managed just a +5.8 point gain to 7172. Wednesday was even tighter, opening at 7162.75 and closing at 7165 for a measly +2.2 points.
The real action came Thursday. We gapped up to 7200.5 and never looked back, posting the week's biggest range from a low of 7157.25 to a high of 7251.75. That +43.8 point rally was the week's standout session and pushed us into new high territory. Friday opened strong at 7263.5 and tagged the week's high at 7300.75 before sellers showed up. We closed essentially flat at 7262, giving back just -1.5 points but holding most of Thursday's gains.
The 164-point weekly range from 7136.75 to 7300.75 shows decent volatility without being excessive. Key resistance now sits at that 7300.75 weekly high, while support comes in around the 7136.75 weekly low — though I'd be watching closer-in levels around 7240-7250 where we saw Thursday's momentum really take hold.
DT Algorithm Performance
The DT algo had a solid week, posting 6 winners against 4 losses for +57.9 points and $290 in profit. More importantly, this keeps our lifetime win rate at a healthy 70% with 14 wins in 20 trades.
Monday delivered two clean winners that caught the day's uptrend nicely. The first long entry at 7194.75 captured a quick +9.2 points to the T1 target, while the second entry at 7201.0 rode the momentum higher for +13.8 points to close near the day's highs at 7207.5.
Wednesday's chop got us for a small scratch — long entry at 7164.25 immediately reversed for a -0.2 point stop loss. No harm done, just the cost of doing business in a sideways tape.
Thursday was where the algo really shined, catching three of the four long entries during that +43.8 point rally day. The 7197.25 long grabbed +9.5 points, the 7206 entry captured +25.2 points, and the 7228.5 long rode the momentum for +25.5 points — our biggest winner of the week. The algorithm did give back -5.0 points on the final entry at 7247.5 as the rally started to stall, but overall captured most of Thursday's move.
Friday's action near the 7300.75 weekly high proved trickier. We caught one winner at the 7293 long for +9.2 points, but the two subsequent entries at 7290.25 and 7280.75 both stopped out for -14.8 and -14.5 points respectively as the market rejected those highs and pulled back into the close.
The algo's ability to capture momentum on Monday and especially Thursday while keeping losses small shows the system is working as designed. Even the Friday losses make sense in context — we were long at the week's highs as selling pressure emerged.
TF Algorithm Performance
No TF trades triggered this week. The longer timeframe signals require more significant setups, and while we had a decent trending week, the conditions weren't quite right for the TF system to engage. Sometimes the best trade is no trade.
Next Week Outlook
We're heading into the new week sitting just 53 points below the weekly high at 7300.75, which puts us in an interesting spot. The market showed it can get to 7300 but also demonstrated some selling interest at those levels on Friday's reversal.
From an algo perspective, the DT system should have plenty to work with if we continue seeing this kind of volatility and trending behavior. The 164-point weekly range suggests the market is moving enough to generate solid trade opportunities. Key levels to watch are that 7300.75 resistance above and the 7240-7250 area where Thursday's momentum really kicked in.
For the TF algorithm, a break and hold above 7300 or a significant pullback toward the 7150-7200 area might finally generate the kind of setup that system looks for. We'll need to see how price reacts to these levels.
The market's showing good two-way action right now — trending when it wants to trend but also respecting key levels. That's exactly the kind of environment both algorithms are built to handle.
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