top of page

March 30th, 2023 S&P 500 Predictions

Updated: Feb 20, 2023



  • Day’s Theme: The revisiting of a crest that was recently a past opportunity in the midst of erratic behavior back and forth through the same price level.


  • Behavior Around the High: A pop and drop in the midst of a holding pattern.


  • Behavior Around the Low: A key technical price level that will form after declining from a key resistance level. Out of the low, there should be a rally along a diagonal trend line.


  • Trade Opportunities:

    • I’m advised to trade around a stable foundation and something to do with a male ruler.



Overview


On March 30th, there’s a day’s high and some rotation along key support in the pre-market. There’s likely a decline right around the open. That’s followed by a move to the upside to reach for a distant resistance level. We’ll revisit a crest in the first half hour. It looks like we’ll decline into an important trough in the 10:00 a.m. to noon hour. That’s followed by a big move higher and a rally along a diagonal trend line that increases with bullish sentiment as we move into midday. We’ll then have a big move to the upside and establish support at a higher level midday. There’s some tricky behavior around this time so be cautious.


We’ll then decline through a support level that we recently broke down through once before. There’s some bumping along resistance between 1:00 p.m. and 2:00 p.m. That’s followed by a reversal between 2:00 p.m. and 3:00 p.m. There’s a key resistance level highlighted in the last hour and a U-shaped dip right around the close. There’s a failed attempt to break through key resistance and a decline into a low in the post-market.



Sneak Preview


On March 31st, we’ll open higher, however that’s followed by a retracement.


64 views0 comments

Comentários


bottom of page