top of page

January 12, 2023 S&P 500 Predictions (RATED)

Updated: Feb 9, 2023

*Accuracy rating update: 100% or 15/15 predictions correct*



Day’s Theme: Going back and forth between bumping up against resistance and breaking through resistance. We’ll also likely see a decline from a near overbought crest or peak.



Behavior Around the High: A notable rally into the high, followed by a halting of that rally marked by a sharp decline through key support on at least a one-day chart.



Behavior Around the Low: A period of sideways rotation that ends with a fast, sudden move higher. It looks like this low is early in the day and we’ll revisit it later in the day.



Trade Opportunities:

  • A trade opportunity in the pre-market or right around the open.



Overview


On January 12th, we’ll have three crisscrosses back and forth through the same price level confirming a bullish trend in the pre-market. There’s a trade opportunity in the pre-market or right around the open. Around the open, we’ll see a decline from a resistance level to a support level and then back to the original resistance level. We’ll have a low around the open or in the first half hour. There will be a rally higher out of that low where we then break through resistance. That rally likely continues into roughly 11:00 a.m. and I’m advised to open up protection around this time. We’ll then see a sharp drop around 11:00 a.m. followed by a notable move to the upside out of that drop.


We’ll meet a key resistance level around noon after that move to the upside and then break down from key resistance with consecutively lower spikes up on the way down. Around 1:00 p.m., we’ll see another trough. This is followed by a notable and unexpected move to the upside out of that trough. We’ll have a drop within a period of volatility between roughly 2:00 p.m. and 3:00 p.m. That drop is followed by a notable move to the upside that pushes the upper end of a range higher in the last hour.



Sneak Preview


We’ll likely open lower on the 13th.






20 views0 comments

コメント


bottom of page