top of page

October 12, 2022 S&P 500 Predictions (RATED)

Updated: Dec 1, 2022

*Accuracy rating update: 100% or 8/8 predictions correct*



Theme:


Sideways fluctuations with a bearish trend that precede a rally. Around the high, we have an unexpected move to the upside that will stand out on a one-day chart. We’ll see a breakout out of the low. I’m advised to trade around a period of volatility that ends with a fast sudden move to the upside.


Overview:


On October 12, 2022, we have either a gap down or a notable decline through multiple support levels in the pre-market. At the open, there’s a prominent low in the midst of some erratic behavior back and forth. There’s a low within the first half hour. Around 9:50 a.m., there’s a big rally out of the low. This opens up an opportunity to open up a short position. Between roughly 10:00 a.m. and 11:00 a.m., we have some sideways rotation. Between roughly 11:00 a.m. and noon, we have a sharp dip in the midst of that sideways rotation. There’s a surprise move to the upside midday. We’ll see a notable drop off of a day’s high toward the end of the day and a cash out opportunity around the end of the day. I’m advised to trust my intuition near the high.


Sneak preview:


There’s a notable period of volatility. A new resistance level is highlighted that looks like a prominent high.





31 views0 comments
bottom of page