Month’s Theme: A near overbought crest that we’ll sell off from pretty notably. That’s crossed with a big move to the upside reaching for distant resistance.
Behavior Around the High: An overbought peak that we’ll sell off from through multiple support levels.
Behavior Around the Low: A sharp drop in the midst of volatility that will take us to the low.
Exclusive Trade Opportunities for Subscribers:
Opportunities to open a short position on the 2nd, the 5th, and the 12th. You could close those on the 16, the 18th, or the 25th, but the best place is likely the 16th.
An opportunity to open a short position at a peak on the 10th. You could close that early in the day on the 12th.
Open a short position on the 12th and close it on the 13th.
An opportunity to open a short position on the 19th/20th and close it at the end of the day on the 25th.
Overview
On the 2nd, there’s an important price level and the most probable location of a highest high. We’ll then probably decline into the 3rd. On the 3rd, there’s sideways rotation establishing support and a big move higher at the end of the day. There’s a gap down overnight. On the 4th, there’s another big move higher. On the 5th, there’s a lot of price change to the downside and an important support level highlighted. On the 6th, there’s a big move to the upside early in the morning followed by a decline through multiple support levels into a trough at the end of the day.
On the 9th, there’s a failed attempt to break through key resistance followed by a decline through key support. There’s an important support level highlighted on the 10th. There’s quite a bit of volatility on the 11th. On the 12th, there’s a trough early in the day followed by a big move higher and a peak or crest at the end of the day. There’s a gap down overnight. On the 13th, there’s a sharp drop within a period of sideways rotation.
On the 16th, there’s a notable decline and a speaker at the end of the day. Whatever is being said shouldn’t be trusted or relied upon. On the 17th, we’ll likely open higher at a crest or peak and sell off pretty notably into a trough at the end of the day. We’ll most likely have a lowest low on the cusp of the 17th/18th. There’s a lot of mixed behavior on the 18th. On the 19th, there’s a failed attempt to break through key resistance and a decline through key support. On the 20th, there’s erratic behavior back and forth through the same price level and a crest that’s revisited.
On the 23rd, we’ll probably open to the upside and then decline pretty notably through multiple support levels. On the 24th, there’s a notable reversal and an important peak or crest midday. On the 25th, we’ll decline. On the 26th, there’s sideways rotation along key support on a multi-day scale. On the 27th, there’s a sideways-fluctuating rally that precedes a decline.
On the 30th, there’s a big move to the upside and an important range highlighted. I’m advised to be cautious on the 31st.
Sneak Preview
A big move from the bottom of a range to the top of a range.