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June 12th, 2023 S&P 500 Predictions and Trades

Updated: Jun 5, 2023

  • Day’s Theme: A period of sideways rotation that ends with a fast, sudden move higher.

  • Behavior Around the High: We’ll have three crisscrosses through the same price level confirming a bullish trend. This is nullified, however, so somehow this chart behavior is made irrelevant.

  • Behavior Around the Low: Selling off of a crest down to and through support. We’ll then do a U-shaped reversal and come back up to reuse that support level as support.

  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around the establishment of support or an attempt to establish support.


On June 12th, in the pre-market there’s a key resistance level that’s highlighted with a lot of price change. There’s a notable decline into the open where we’ll then have a big move higher that pushes the upper end of a range. The rally out of the open continues increasing with momentum into late morning or midday. There’s a near overbought peak or crest that’s brief that we’ll sell off from through multiple support levels. That will take us into a sideways-fluctuating decline that precedes a notable rally. Out of that decline, there’s a big move to the upside that takes us out of a prominent through into what’s possibly a prominent high for the day. At that high, we’ll meet resistance and stay above it briefly before breaking back down through the same price level. There’s a strong decline in the last hour that takes us into a day’s low. That decline continues in the post-market.

Sneak Preview

On June 13th, we’ll open higher.

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