*Accuracy rating update: 100% or 9/9 predictions correct*
Day’s Theme: A fast, sudden move to the upside marking the end of a decline.
Behavior Around the High: N/A
Behavior Around the Low: N/A
Trade Opportunities:
I’m advised to open up protection around the day’s first crest between roughly 10:00 a.m. and 11:00 a.m.
Overview
On January 6th, we’ll move to the upside and push the upper end of a range around the open. We’ll then sell from near overbought territory after that move to the upside. This is followed by a prominent move to the upside and then a full retracement back down and to a support level. We’ll have some sideways rotation along that support level. We’ll have a crest between roughly 10:00 a.m. and 11:00 a.m. I’m advised to open up protection around this crest. There may be something important related to a speech around noon. It’s advised that this speech is intentionally misleading.
We’ll see another crest midday followed by a sharp drop off of that crest. There will be some sideways rotation followed by another sharp drop. We’ll then have a significant move into another crest, however this is a fake out and we’ll begin to decline around 2:00 p.m. and into the end of the day.
Sneak Preview
We’ll move higher through resistance into a peak and stay above resistance briefly before breaking back down.
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