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December 9, 2022 S&P 500 Predictions (RATED)

Updated: Dec 12, 2022

*Accuracy rating update: 100% or 10/10 predictions correct*



  • Day’s theme: We’re bound by a range on a multi-day chart. We’ll bump up along resistance throughout the day.


  • Behavior around the high: We’ll rotate sideways along key support. There’s a move higher to reach the nearest key resistance.


  • Behavior around the low: The low will form after a decline that commences from a brief peak that’s easily missed.


  • Trade opportunities:

    • Advised to trade around a big move to the upside or possibly the start of a rally.

    • A trade opportunity first thing in the morning.


Overview:


On December 9th, in the pre-market we have a move higher through resistance and we stay above that resistance level briefly. There’s a trade opportunity first thing in the morning, likely right around the open. There will be three criss-crosses through the same price level confirming a bullish trend around the open. This is followed by a sharp decline and a lot of price ground covered. We have a notable move to the upside between roughly 10:00 a.m. and 11:00 a.m. We’ll then fall again with multiple headwinds pushing the S&P lower between roughly 11:00 a.m. and noon.


There’s either a holding pattern or a big move higher followed by a full retracement midday. There’s also an agreement between two leaders that’s highlighted, possibly a merger. We’ll see some bearish price swings and a sharp drop between roughly 1:00 p.m. and 2:00 p.m. Out of that low, we’ll have a holding pattern between roughly 2:00 p.m. and 3:00 p.m. From 3:00 p.m. to close, there’s a sharp drop on a one-day chart. I’m advised to open up some protection around the close.


Sneak preview:


A prominent decline or trough.





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