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January 9, 2023 S&P 500 Predictions (RATED)

Updated: Jan 28, 2023

*Accuracy rating update: 100% or 10/10 predictions correct*

Day’s Theme: A key resistance level is highlighted. There will be selling from a near overbought crest or peak.

Behavior Around the High: The high will be at an overbought crest or peak and will form out of a rally that’s halted.

Behavior Around the Low: Out of the low, we’ll push the upper end of a range higher on the scale of at least a one-day chart.

Trade Opportunities:

  • An opportunity to open up a long position amidst a move higher around the open.


On January 9th, there’s an opportunity to open up a long position before a notable move higher out of a decline around the open. In the first half hour, we’ll bump up along resistance and then break through that resistance level. We’ll have some halting and then see a notable move higher around roughly 11:00 a.m. or noon. The day’s high is either at noon or between 1:00 p.m. and 2:00 p.m. There will likely be a low between 1:00 p.m. and 2:00 p.m. as well. Around noon, we’ll have three pokes through the same resistance level, stay above it briefly, and then have a sharp drop after the third poke.

We’ll have some bullish price swings between 2:00 p.m. and 3:00 p.m. and then that begins to turn into a decline. There may be a move higher in the last hour, but that move higher will be followed by a full retracement.

Sneak Preview

A decline that increases with momentum moving forward into the day.

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