Updated: Jan 3
*Accuracy rating update: 100% or 13/13 predictions correct*
Day’s theme: Multiple false tops or bottoms along with bearish price swings.
Behavior around the high: A key support level highlighted and probably something about a male ruler of nations highlighted.
Behavior around the low: A rally to the upside standing out on a one-day chart out of the low.
Out of a low between 2:00 p.m. and 3:00 p.m., there’s an opportunity to open up protection.
On December 12th, congress is highlighted and we may have a holding pattern of some sort in the pre-market. Around the open, we’ll have a big, unexpected move higher. In the first half hour, there’s sideways rotation and back and forth behavior crisscrossing three times through the same price level confirming a bullish trend. We’ll then break through horizontal resistance on a one-day chart between roughly 10:00 a.m. and 11:00 a.m. We’ll stay above that resistance level briefly and then break back down through the same price level shortly thereafter. Between roughly 11:00 a.m. and noon we’ll have a period of volatility. That period of volatility will end with a fast, sudden move to the upside between roughly noon and 1:00 p.m.
After we shoot higher midday, we’ll move back down and then rotate sideways along support between roughly 1:00 p.m. and 2:00 p.m. We’ll then meet another low for the day between 2:00 p.m. and 3:30 p.m. Out of that low, there’s a big push higher that offers an opportunity to open up protection. We’ll hit the upper end of a range in the last hour or so, and then there’s a period of sideways rotation along a key support level on a one-day chart. Within that period of rotation, there’s a sharp dip that will stand out on a one-day chart right around the close. In the post-market, we’ll have erratic behavior back and forth through the same price level and we may revisit a crest that was recently a past opportunity. There may be a notable drop overnight.
A gap down on the 13th.