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August 17, 2022 S&P 500 Predictions (RATED)

Updated: Sep 27, 2022

*Accuracy rating update: 93% or 14/15 predictions correct*

  • Day’s theme: There’s an important low on a one-month chart. There’s also a fast, sudden move higher marking the end of a period of decline.

  • Behavior around the high: N/A

  • Behavior around the low: A halting of a bullish trend and a notable decline marked by a breakdown through an important support level into the day’s low.

  • Trade opportunities:

  • An opportunity near the open in the midst of an agreement between two leaders that’s highlighted.

  • An opportunity at a trough around 1:00 p.m.


On August 17th, in the pre-market there’s a decline that increases with momentum moving into the open. There’s a trade opportunity in the midst of an agreement between two leaders or a merger of some kind right around the open. There may be a temporary low in the first hour. We then move to the upside out of that low. Between roughly 10:00 a.m. and 11:00 a.m., there’s a breakdown through a support level to meet a secondary support level that we move alongside for a bit. Between roughly 11:00 a.m. and noon, we move higher along a diagonal trend line and break through horizontal resistance to meet a secondary resistance level. We then fall back to somewhere between those two resistance levels.

Between noon and 1:00 p.m., there’s a breakdown with consecutively lower spikes up on the way down. Around 1:00 p.m., there’s a trade opportunity at a trough. We move higher successfully turning resistance into new support somewhere between 1:00 p.m. and 3:00 p.m. There are multiple failed attempts to break through key resistance between 2:00 p.m. and 3:00 p.m. In the last hour, there are multiple headwinds pushing the S&P lower. We have a notable reversal that stands out on a one-day chart and a trade opportunity right around the close. There will be some sideways rotation along support, followed by a fast, sudden move higher in the post-market that marks the end of that period of sideways rotation.

Sneak preview:

A fast, sudden move higher marking the end of a period of decline on the 18th.

















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