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October 11, 2022 S&P 500 Predictions (RATED)

Updated: Dec 1, 2022

*Accuracy rating update: 100% or 15/15 predictions correct*


There’s a notable reversal that will stand out on a multi-day chart. We’ll see a notable rally moving into the high that marks an opportunity to open up a short position. From the high, we’ll see a decline to and through a support level followed by a reversal to reuse that support level. For behavior around the low, we have a move out of the low to turn a resistance level into support, although this behavior is somehow nullified. There is a trade opportunity around the high, but I’m advised to be very cautious about trading today due to the possibility of false highs.


On October 11, 2022, we have a decline in the pre-market that increases with momentum moving into the open. Right around the open, we have a period of volatility that ends with a fast, sudden move to the upside. From that move to the upside, there’s a decline that commences off of a high in the first half hour or possibly around 10:00 a.m. Between roughly 11:00 a.m. and noon, we have another move into another day’s high that stands out on a one-day chart. There’s a trade opportunity here, however the high doesn’t last long. There’s then a decline to and through a support level, followed by a reversal back to reuse that support level. We’ll then see a notable move to the upside out of oversold territory between roughly 11:00 a.m. and 1:00 p.m., however, be advised that this won’t last long.

Between roughly 1:00 p.m. and 2:00 p.m., we’ll see selling from near oversold territory on the RSI. Between 2:00 p.m. and 3:00 p.m., there’s movement to the upside and an attempt to establish a higher support level. We’ll see another high or prominent crest at the end of the day. This very well may be the day’s high. From that high, we’ll have some volatility, and in the midst of that volatility, we’ll see a sharp dip that will stand out on a one-day chart. At the close and into the post-market, there’s an important price level that’s highlighted as resistance. Volume will start to dissipate around this price level.

Sneak preview:

We’ll see erratic behavior back and forth through the same price level. We’ll also revisit a crest that was recently a past opportunity.

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