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April 3rd, 2023 S&P 500 Predictions

Updated: Mar 13, 2023

  • Day’s Theme: A significant move to the upside that stands out on a one-day chart.

  • Behavior Around the High: A move higher through key resistance on a one-day chart followed by a decline back through that same price level shortly thereafter.

  • Behavior Around the Low: A period of sideways rotation that ends with a fast, sudden move higher.

  • Trade Opportunities:

    • A trade opportunity around the open.


On April 3rd, there’s a failed attempt to break through key resistance followed by a decline through a key support level in the pre-market. We’ll then have a big move back up to a key resistance level around the open. There’s a trade opportunity around the open. We’ll likely be in the midst of a trough between 10:00 a.m. and 11:00 a.m. There’s a rally out of that trough that bumps along resistance sideways. There’s rotation along key support roughly between 11:00 a.m. and noon. We’ll rise to meet the nearest resistance and then fall back down to continue rotating along support. There’s likely a holding pattern with a pop and drop midday.

There’s an easily missed opportunity at a peak or crest followed by a sharp decline between 1:00 p.m. and 2:30 p.m. There’s a sharp dip within a period of volatility between 2:00 p.m. and 3:00 p.m. There’s a resistance level we meet at the end of the day that we bumped up against multiple times. We’ll fail to break through that resistance level. There’s a significant move to the upside either at the close or after hours.

Sneak Preview

On the 4th, there’s a nullified overbought crest that we sell off from.

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