Updated: Jan 3
*Accuracy rating update: 100% or 11/11 predictions correct*
Day’s theme: A notable decline off of a high early in the day.
Behavior around the high: There’s a significant opportunity around the high.
Behavior around the low: We’ll have a U-shaped dip into the low.
A trade opportunity around a high in the early or midmorning.
On December 20th, we’ll decline pretty hard in the pre-market. It looks like we’ll probably open notably lower than where we closed on the 19th. There’s a notable decline or trough that stands out in the pre-market. That decline increases with momentum as we move forward into the open. There’s a notable rally to the upside out of that decline that likely starts around 9:45 p.m. There’s a trade opportunity around a high. We’ll know when we’re reaching that high because we’ll crisscross back and forth through the same price level. It looks like there will probably be a trough or low around 11:00 a.m.
We’ll have a notable move to the upside that stands out on a one-day chart before noon. Around noon, there will be multiple failed attempts to break through key resistance. There’s a trade opportunity before a notable reversal and a pretty hard decline into the end of the day.
We’ll likely open up higher, move through resistance, and then break back down through the same price level on the 21st.