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October 20, 2022 S&P 500 Predictions (RATED)

Updated: Oct 28, 2022

*Accuracy rating update: 100% or 11/11 predictions correct*

  • Day’s theme: A prominent move higher followed by a full retracement of that move. I’m advised to avoid risk on this day.

  • Behavior around the high: An important price level at the high.

  • Behavior around the low: A notable decline through key support, likely on a multi-day chart but definitely on a one-day chart.

  • Trade opportunities: I’m advised to trade around a big move to the upside. There’s also a trade opportunity to open up a long position in the midst of a decline.


In the pre-market on October 20, 2022, we have a failed attempt to break through a key resistance level, followed by a decline through a key support level. Right around the open, we’re range bound, likely to the downside. We have a big move to the upside followed by a retracement of that move back down. There’s a completion of a rally and congress is highlighted somewhere between 10 a.m. and 11:00 a.m. We then have a decline off of a significant high midday. In the midst of the decline off of that crest, there’s an opportunity to open up a long position. Roughly between 2:00 p.m. and 3:00 p.m., we move sideways along key support on a one-day chart.

Somewhere between 3:00 p.m. and 4:00 p.m., we move higher through key resistance on a one-day chart. There’s possibly a notable peak for the day here. This is followed by a breakdown through that same resistance level. Toward the end of the day, we revisit what was recently a past opportunity at a support level.

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