Updated: Nov 30, 2022
*Accuracy rating update: 100% or 6/6 predictions correct*
Day’s theme: The market closes at 1:00 today. A rally along a diagonal trend line where we break through horizontal resistance, meet a secondary resistance, and then we pull back to somewhere between those two price levels.
Behavior around the high: We have three criss crosses through the same price level around the high with the confirmation of a bullish trend after the third cross.
Behavior around the low: N/A
I’m advised to trade around a rally higher that marks an opportunity to open up a short position.
A day trade opportunity to sell puts purchased earlier in the day in the midst of a decline somewhere in the last two hours of trading.
On November 25, we have sideways rotation along support in the pre-market. It looks like there’s a high at a resistance level that’s highlighted in the midst of some volatility right around the open. There’s a rally higher out of the open and then a retracement of that move in the first 20 or 30 minutes of trading. We’ll then have multiple failed attempts to break through key resistance between roughly 10:00 a.m. and 11:00 a.m. Between 11:00 a.m. and noon, we revisit past problems and decline through a support level that we recently broke through. There’s a day trade opportunity to sell puts purchased in the morning in the midst of a decline somewhere within the last two hours of trading.
We’ll be opening up higher on the 28th.