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August 25, 2023 S&P 500 Predictions and Trades

Updated: Jul 16, 2023

  • Day’s Theme: Sideways fluidity along a key support level.

  • Behavior Around the High: A decline off of the high through multiple support levels.

  • Behavior Around the Low: We’ll break through resistance, stay above it briefly, and then break back down shortly thereafter, however the behavior around the low is somehow nullified.

  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around improbable or unexpected chart behavior.


On the 25th, we’ll open lower, but we may move higher in the pre-market. Right at the open, we’ll be at a high and key resistance level. We’ll sell down from that high in the first half hour to revisit a support level that we recently met once before. There’s a trough around 10:00. There’s some mixed behavior between 10:00 and 11:00. There’s a peak somewhere around 11:00 or noon with a significant decline off of that peak into a trough.

Around 1:00, there’s a significant rally out of that trough where we push the upper end of a range higher and create a peak or crest. That easily missed peak forms around 2:00. That’s followed by a decline through multiple support levels between 2:00 and 3:00. Out of that decline, there’s a move higher from the bottom of a range to the top of a range. Around the close, there’s a decline through multiple support levels. We may see a high in the post-market, but the end of the day is bearish overall.

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