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August 16, 2023 S&P 500 Predictions and Trades

Updated: Oct 30, 2023

*Accuracy rating update: 100% or 11/11 predictions correct*

  • Day’s Theme: Not specified.

  • Behavior Around the High: A crest that we’ll sell off from pretty notably.

  • Behavior Around the Low: An important technical price level at the low on at least a one-month scale.

  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around quite a bit of price swinging.

    • An opportunity to open a short position around a fast, sudden move higher earlier in the day. I would hold that until we meet a trough between 11:00 and noon.


On the 16th, we’ll open lower in the pre-market. At the open, there’s a big move from the bottom of a range to the top of a range out of a decline. We’ll meet a key resistance when rallying along a diagonal trend line. That rally ends between 10:00 and 10:30. We’ll then break down through that diagonal trend line with increasing volatility on the way down into a trough. There’s a crest or peak that forms between noon and 1:00. Off of that peak, there’s a sharp decline that increases with momentum moving forward in time. We’ll move down into a trough and have a trade opportunity within that trough. That’s followed by some sideways rotation between 1:00 and 2:00. We’ll then have a big move higher between 1:00 and 3:00. There’s a decline off of that move higher in the last hour. We’ll then have a fast, sudden move higher to hit resistance and then decline to key support. There’s likely a notable drop in the post-market.

Sneak Preview

We’ll open lower the following day.

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