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GOOG Predictions for December 2023 (Paid Version/Best Trades)

Updated: Nov 25, 2023



  • Month’s Theme: A notable decline standing out on a one-year chart.


  • Behavior Around the High: A rally into the highest high and then a decline off of the high.


  • Behavior Around the Low: Two lowest lows with a peak in between.


  • Exclusive Trade Opportunities for Subscribers:

    • A high on the 4th offers an opportunity to open a short position. You could close that position at a low early on the 6th.

    • An opportunity to open a long position at that low early on the 6th and close it on the 7th.

    • An opportunity to open a short position at the high on the 7th.

    • A gap up on the 20th offers an opportunity to open a short position that I would close on the 22nd.

    • An opportunity to open a short position on the 27th and close it on the 29th.



Overview


On the 1st, there’s a trough followed by a big move out of that trough. There’s a speaker overnight that shouldn’t be relied upon or trusted.


On the 4th, we’ll probably open lower and then have a big move to the upside into our first highest high at a prominent peak midday. I would open a short position at that high.There’s an important fake out to the upside. There’s a gap down overnight into the 6th. I would close the short position at that low. You could also open up a long position there. There’s a move to the upside and a peak at the end of the day on the 6th. The morning of the 7th there’s a big move out of a decline from the bottom of a range to the top of a range where you could close the long position. You could also open a short position there. We’ll then decline from that peak or crest into the 8th.


We’ll likely open lower on the 11th and have a bullish day, but if we don’t open lower it’s a bearish day. There’s a peak or crest early in the day on the 12th at a resistance level that we’ve met many times before. We’ll then decline from it pretty notably. There’s an important trough at the end of the day on the 13th. On the 14th, there’s a peak that’s possibly a highest high. There’s a prominent trough for the month the morning of the 15th.


On the 18th, we’ll gap down again to a lowest low thus far. There’s sideways rotation along support where we’ll establish support and then have a big move higher. On the 19th, we’ll have a decline that increases with momentum moving forward in time. On the 20th, we’ll gap up and have an opportunity to open a short position. You could close that on the 22nd after a sharp decline toward the end of the day. There may also be another opportunity to close on the 29th. There’s a big move over the weekend or at the very end of the day on the 22nd.


The market is closed for Christmas. On the 26th, we’ll move into a peak or crest at the beginning of the day and then decline from that to and through support. We’ll then do a U-shaped reversal and come back up to use that support level. We’ll have sideways rotation along that support into the 27th. That sideways rotation ends with a fast, sudden move higher taking us to a prominent peak or crest for the month. There’s an opportunity to open a short position there to close on the 29th. There’s a notable move lower on the 28th to revisit a support level that we’ve met once before. There’s a significant reversal on the 29th.



Sneak Preview


A rally into key resistance that we’ll decline from with consecutively lower spikes up on the way down.


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