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August 24, 2022 S&P 500 Predictions (RATED)

Updated: Sep 28, 2022

*Accuracy rating update: 91% or 10/11 predictions correct*

  • Day’s theme: Sideways fluctuations with a bearish trend. It also looks like we’ll see a crest for the month early in the day.

  • Behavior around the high: Around the high, there’s a merger or an agreement of some kind between two leaders highlighted. There will be a notable move higher to reach the high, likely first thing in the morning.

  • Behavior around the low: A big move to the upside out of the low.

  • Trade opportunities:

    • Either a swing trade or day trade opportunity first thing in the morning.

    • An opportunity at a notable range in the last hour.


On August 24th, there’s a trade opportunity first thing in the morning, either as a swing trade overnight or possibly a day trade. The high for the day will likely be around the open or early in the morning. There’s a cash out opportunity around the first hour and a half of trading. A rally continues after some price swings early in the morning. There’s a revisiting of past problems and a move lower between roughly noon and 2:00 p.m. I’m advised to be cautious midday, but there’s a notable move to the upside to create new support.

There will likely be some fluctuations in the last two hours of trading. There’s a drop to and through support, followed by another move upward to reuse that support level. There’s a trade opportunity at a notable range that’s highlighted in the last hour. My sense is that we’ll likely move higher around this time. There will be three criss-crosses through the same price level indicating a bullish trend right around the close. There’s also a move higher followed by a full retracement of that move around the close.

Sneak preview:

On the 25th, there’s a big move to the upside either out of a decline or in the midst of seemingly overwhelming headwinds. We’ll also have another crest on a one-month chart.

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