top of page

November 15, 2022 S&P 500 Predictions (RATED)

Updated: Nov 17, 2022

*Accuracy update: 100% or 14/14 predictions correct*



  • Day’s theme: The completion of a rally.


  • Behavior around the high: A fast, sudden rally into the day’s high.


  • Behavior around the low: A decline from a support level to meet a secondary support level, and then we rotate sideways along support for a bit.


  • Trade opportunities:

    • There’s a decline off of a high in the first half hour that offers an opportunity to open up a long position.


Overview:


On November 15th, we likely open up around the same price level that we ended at on the 14th. In the pre-market or in the first half hour, we’ll see a day’s low. After that low, we rally higher to turn resistance into support momentarily. We should see a day’s high at that price level. We’ll then decline off of that move higher, likely in the first half hour. This decline offers an opportunity to open up a long position. Midmorning, we’ll see a notable move higher on a one-day chart. We sell from a crest around midday, maybe a bit earlier. We move down to and through a support level, and then we turn into a U-shaped reversal back up to reuse the previous support level.


There’s quite a bit of price action midday. It looks like we’ll go from a crest into a trough, and then there’s a rally out of that trough starting around 1:00 p.m. and moving into the end of the day. Between 2:00 p.m. and 3:00 p.m., we still have bullish price movement but more so in the form of price swings. We have a high at the end of the day with a big move higher to reach a prominent resistance level right at the close. This move higher is followed by a reversal, which marks an opportunity to position oneself for a move lower.


Sneak preview:


On the 16th, we open up higher, likely notably higher.






33 views0 comments

コメント


bottom of page