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May 25th, 2023 S&P 500 Predictions

Updated: May 29, 2023



  • Day’s Theme: There’s likely a highest high for the month and a pretty big move at the end of the day.


  • Behavior Around the High: N/A


  • Behavior Around the Low: N/A


  • Trade Opportunities:

    • An opportunity to open a short position for a scalp trade around the open. I would close that short position after a decline out of the open or before 10:00 a.m.

    • An opportunity to open a long position around 12:30 p.m. after a sharp drop. I would close that long position around the end of the day or at the close.



Overview


On May 25th, there’s a rally in the pre-market and into the open. There’s an opportunity to open a short position for a scalp trade around the open. I would close that short position after a decline out of the open or before 10:00 a.m. After that decline through multiple support levels, there’s a notable move higher standing out on a one-day chart that brings us to resistance. That’s followed by a peak or crest that forms after an unexpected move higher between roughly 11:00 a.m. and noon. We’ll then have a notable sell-off from that peak or crest bringing us into another day’s low.


Around noon or a bit after noon, there’s another opportunity to close out of the short position opened in the morning. We’ll move higher and then have another sharp drop around 12:30 p.m. There’s a good opportunity here to open a long position. I would hold that long position until the close. We’ll then have a rally to the upside that increases with momentum as we move forward into a key resistance level on a one-day scale. That’s followed by a bit of a drop before 3:00 p.m. We’ll then have an unexpected move to the upside in the last hour which will most likely take us to a day’s high. There’s a period of sideways rotation around the close that ends with a fast, sudden move higher.




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