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June 15th, 2023 S&P 500 Predictions and Trades

Updated: Jun 5

  • Day’s Theme: Equal amounts of bulls and bears trading along key support.

  • Behavior Around the High: A support level that we’ll revisit with a period of sideways rotation along that key support. There’s a sharp dip that will stand out within that period of sideways rotation.

  • Behavior Around the Low: A period of erratic behavior back and forth through the same price level. We’ll revisit a crest that was recently a past opportunity in the midst of that erratic behavior.

  • Exclusive Trade Opportunities for Subscribers:

  • An opportunity to open a short position for a swing trade after breaking through resistance briefly around the open. I would hold that short position until tomorrow or around 10:00 a.m. after a sharp decline.

  • An opportunity to open a long position after a sharp decline between 10:00 a.m. and 11:00 a.m. I would close that either midday at a peak or crest or toward the end of the day.


On June 15th, there’s a period of volatility in the pre-market. That volatility ends with a fast, sudden move higher. Right around the open, we’ll have a move higher through resistance on a one-day chart. I would open a short position after breaking through resistance. We’ll stay above it briefly and then we’ll break back down through the same price level shortly thereafter. We’ll then have a sharp decline and a lot of price change to the downside between 10:00 a.m. and 11:00 a.m. A key support level is highlighted between 11:00 a.m. and noon.

There’s a notable reversal midday. Out of that reversal, we’ll have sideways rotation along key support and possibly another trough between 1:00 p.m. and 2:00 p.m. There’s some price change between 2:00 p.m. and 3:00 p.m., likely to the upside. There’s a key technical price level in the last hour or around the close. There’s a decline around the close.



















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