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March 2, 2023 S&P 500 Predictions (RATED)

Updated: Mar 25, 2023

*Accuracy rating update: 89% or 8/9 predictions correct*



Day’s Theme: A rally into key resistance that offers an opportunity to open a short position.



Behavior Around the High: N/A



Behavior Around the Low: N/A



Trade Opportunities:

  • An opportunity to open a short position at a peak or crest around 10:45 a.m.



Overview


On March 2nd, there’s a rally that halts in the pre-market. Around the open, we’ll have a key technical price level highlighted. We’ll have sideways rotation out of the open and two peaks or crests. There’s some volatility that turns into some wild price movement to reach a peak or crest around 10:45 a.m. There’s an opportunity to open a short position at that peak or crest. We’ll come up against resistance between 11:00 a.m. and noon. We’ll decline from that price level and reestablish support at a day’s low toward the end of the day. There’s a decision between two leaders. We should have three crisscrosses through the same price level confirming a bullish trend right around the close. There will likely be another crest in the post-market out of a low.



Sneak Preview


On the 3rd, we’ll open lower.






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