top of page

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.


Overview:


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.





36 views0 comments

Opmerkingen


bottom of page