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March 16, 2023 S&P 500 Predictions

Updated: Feb 20

  • Day’s Theme: Some tricky behavior.

  • Behavior Around the High: A notable, almost irrational move to the upside that reaches for a distant resistance level.

  • Behavior Around the Low: A pretty bullish move out of the low that offers an opportunity to open a short position.

  • Trade Opportunities:

  • A decline into the open offers an opportunity to open a long position.

  • An opportunity to open a long position at a day’s low midday.

  • Day’s Volume: Light volume, however I don’t have much experience reading volume as this is a new update suggested to us by a subscriber.


On March 16th, we’ll open higher in the pre-market and then decline to a support level. We’ll decline into the open and that decline offers an opportunity to open up a long position. We’ll rally along a diagonal trend line out of the open. There’s a fake out that takes us to a high at a key resistance level. From that resistance level we’ll move back down with lower spikes up on the way down. There’s a low and a high in the midst of some erratic behavior back and forth between 10:00 a.m. and 11:00 a.m. There’s a sharp drop through multiple support levels midday that should take us into a day’s low. That low offers an opportunity to open a long position. There are some price swings in the post-market. #XVTheDevil

















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