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January 20, 2023 S&P 500 Predictions (RATED)

Updated: Feb 4, 2023

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

Day’s Theme: A move higher through a resistance level. We’ll stay above it briefly before breaking back down through the same resistance level shortly thereafter. The 20th is likely the high for the month.

Behavior Around the High: Sideways fluidity around a support level with equal amounts of bulls and bears trading.

Behavior Around the Low: Volatility ending with a fast, sudden move to the upside.

Trade Opportunities:

  • I’m advised to trade around a rally along a diagonal trend line that ends with a fast, sudden move higher. We’ll then break down through that diagonal trend line with increasing volatility on the way down.


On January 20th, there’s a period of volatility and a sharp drop within that period of volatility in the pre-market. There’s a U-shaped drop around the open. We’ll continue to decline in the first hour and half or first two and a half hours of the day. That decline offers an opportunity to open up a long position for a day trade. Midday, we’ll have a rally to the upside to meet a key resistance level on a one-day chart. We’ll then break down from that resistance level with consecutively lower spikes up on the way down. That’s followed by a rally along a diagonal trend line between roughly 1:00 p.m. and 2:00 p.m. Within that rally, we’ll move higher through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels. A new support level to the upside is established which creates the day’s high somewhere in the last two hours. After a notable move to the upside in the last hour, there’s a decline.

Sneak Preview

On the 21st, we’ll open lower, and there’s a rally that’s halted with a sharp decline through a key support level on a one-day chart.

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