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January 18, 2023 S&P 500 Predictions (RATED)

Updated: Jan 31, 2023

*Accuracy rating update: 100% or 8/8 predictions correct*



Day’s Theme: A period of volatility with a sharp drop within that period of volatility that will stand out on a one-day chart.



Behavior Around the High: A decline into a trough off of the high.



Behavior Around the Low: A jagged, volatile rally upward out of the low to meet a resistance level.



Trade Opportunities:

  • An opportunity to open up a long position within a decline off of a high in the pre-market.



Overview


On January 18th, I’m advised to be very cautious about trades. There’s a decline off of a high in the pre-market. That decline offers an opportunity to open up a long position. Out of that low, we’ll see a move to the upside around 9:45 or 10:00 a.m. I’m advised to open up protection around this time. We’ll attempt to break through resistance on a one-day chart around 10:00 a.m., however we’ll fail to break through and decline through key support. We’ll decline into a trough and attempt to reestablish support between roughly 10:00 a.m. and noon.


There’s a big move higher to meet a resistance level between noon and 2:00 p.m. We’ll have some price swings right around the close and a big move to the upside that pushes the upper end of a range higher in the post-market.


Sneak Preview


We’ll fall from a near overbought crest or peak on the 19th.







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