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November 29, 2022 S&P 500 Predictions (RATED)

Updated: Nov 30, 2022

*Accuracy rating update: 100% or 13/13 predictions correct*



  • Day’s theme: A notable move higher that will stand out on at least a one-day chart if not a multi-day chart. We’ll move from the bottom of a range all the way to the top of a range.


  • Behavior around the high: Behavior around the high is somehow nullified or canceled out.


  • Behavior around the low: We have a notable reversal out of a decline pushing us from the bottom of a range to the top of a range.


  • Trade opportunities:

    • I’m advised to trade around a rally that offers an opportunity to open up a short position.

    • A trade opportunity around the open.

    • A trade opportunity to open a short position at the close.


Overview:


On November 29, in the pre-market we’ll have a move higher through resistance. We stay above that resistance level briefly before beginning a full retracement back down through the same price level. At the open, there’s a trade opportunity and a rally higher in the midst of a breakout. In the first half hour, we come to a resistance level and then break down from that price level with consecutively lower spikes up on the way down. Between 10:00 a.m. and 11:00 a.m., we flatten out along a notable price level. We’ll have sideways fluctuations with a bullish trend between roughly 11:00 a.m. and noon.


We’ll have some bullish price swings midday followed by a period of volatility from 1:00 p.m. into 3:00 p.m. There’s a fast, sudden move higher in the midst of that volatility. There’s some sort of fakeout somewhere between 2:00 p.m. and 3:00 p.m. In the last hour, we’ll sell down to and through support from a crest, and then we’ll have a reversal and come back up to reuse that support level as support. There’s a trade opportunity to open up a short position right around the close. There’s a decline through multiple support levels in the post-market.


Sneak preview:


We open higher on the 30th.






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