Month’s Theme: We’ll attempt to establish support with sideways rotation along a key support level. That’s crossed with an overbought crest or peak that we’ll sell off from through multiple support levels.
Behavior Around the High: A significant move that takes us into the high.
Behavior Around the Low: An important technical price level on a multi-day scale.
Overview
On the 1st, we’ll have a decline from a prominent peak or crest that will stand out on a one-month chart.
On the 4th, the markets are closed. On the 5th, there’s a sideways-fluctuating decline. On the 6th, we’ll have a lowest low for the month. On the 7th, we’ll likely gap back up and then have another move to the downside. On the 8th, we’ll move to the upside again and have another gap back down through multiple support levels.
On the 11th, a decline ends with a fast, sudden move higher. There’s a peak or crest toward the end of the day as well as a trough. On the 12th, we’ll have the revisiting of a crest in the midst of erratic behavior back and forth through the same price level. On the 13th, there’s an opportunity for a day trade that we’ll specify in the paid version. There’s also a rally that increases with momentum moving forward in time. On the 14th, there’s a peak that we’ll sell off pretty notably standing out on a multi-day chart. On the 15th, there’s an unexpected move to the upside at the end of the day.
We’ll likely have a significant move to the downside on the 18th into a trough at the end of the day. On the 19th, there’s a move to the upside through resistance into a new high, we’ll stay above that briefly, and then we’ll break back down. On the 20th, there’s a resistance level highlighted toward the end of the day. The high could be on the 20th. On the 21st, there’s a pop and drop. On the 22nd, there’s a failed attempt to break through key resistance and a decline through key support.
On the 25th, there’s another high for the month. We’ll meet a key resistance level. There’s a big gap down the morning of the 26th. At the end of the day, there’s a big move to the upside on a one-month chart. On the 27th, there are multiple failed attempts to break through key resistance at a prominent crest or peak. There’s a day trade opportunity on the 28th in the midst of some sideways rotation. On the 29th, there’s a failed attempt to break through key resistance and a decline through key support.
Sneak Preview
A prominent peak after moving higher through resistance. We’ll stay above it briefly and then break back down through the same price level shortly thereafter.