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December 22, 2022 S&P 500 Predictions (RATED)

Updated: Jan 3, 2023

*Accuracy rating update: 90% or 9/10 predictions correct*



  • Day’s theme: A move higher through a resistance level that will stand out on a multi-day chart. We’ll stay above that resistance level briefly and then break back down through the same price level.


  • Behavior around the high: The move higher through resistance mentioned in the theme is around the high. We move from support to resistance and back through resistance and to support again in an S-shaped formation.


  • Behavior around the low: Sideways fluidity along a key support level, however this is nullified which makes this price movement irrelevant.


  • Trade opportunities:

    • Around the open, there’s a trade opportunity within the completion of a rally.



Overview


On December 22nd, we’ll either open up higher in the pre-market or open at the same price level as the previous day. Around the open, there’s a trade opportunity within the completion of a rally. We’ll have bearish price swings in the first half hour or so with a sharp drop that stands out. Out of that sharp drop, there’s a notable move higher standing out on a one-day chart to reach for a significant resistance level on a one-day chart. This move higher will continue into noon. There’s a brief peak around that move to the upside that could be easily missed.


We’ll then see a full retracement with a notable decline to reach a significant support level on a one-day chart. We’ll rotate alongside that support level roughly between 2:00 p.m. and 3:00 p.m. There will be a bit of a move higher in the last hour. We’ll meet a resistance level that stands out on a one-day chart right around the close. We’ll decline in the post-market or overnight.


Sneak Preview


We open with a lower low and a trade opportunity on the 23rd.





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