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October 17, 2022 S&P 500 Predictions (RATED)

Updated: Dec 1, 2022

*Accuracy rating update: 100% or 10/10 predictions correct*

  • Day’s theme: In the midst of a rally, there’s an opportunity to open up a short position on a multi-day chart. There’s a highlight near the middle of the day having to do with a male leader of nations.

  • Behavior around the high: A critical price level near the high that we’ll likely break through.

  • Behavior around the low: There’s multiple support levels that we break through as we move down to meet the day’s low.

  • Trade opportunities: There’s a trade opportunity near the male leader of nations highlighted toward the middle of the day. I’m also advised to open up protection at the close.


On October 17, 2022, we’ll see a decline to a support level in the pre-market. We then rotate sideways along that support level for a bit. Right around the open, we have quite a big move to the upside with some sideways fluctuations and a bullish formation that increases into 10:00 a.m. or 11:00 a.m. In the same timeframe, it will move higher through resistance and then break back down to the previous price level. This marks the start of a decline into the low around midday. We break down to a support level and then rotate alongside that support level as we attempt to establish support roughly between noon and 2:00 p.m. Between 2:00 p.m. and 3:00 p.m., there’s a move out of oversold territory from the bottom of a range to the top of a range. There’s a brief high met out of that move to the upside, likely toward the close. From that high, we have a notable decline.

Sneak preview:

A breakout early on through the price level we close at today.

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