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October 6, 2022 S&P 500 Predictions (RATED)

Updated: Dec 1, 2022

*Accuracy rating update: 100% or 14/14 predictions correct*


There’s a notable trade opportunity. There also appears to be rotation along a key support level on a multi-day chart increasing with bullish sentiment, possibly toward the end of the day. Around the high, there’s a rally that increases with momentum moving into the high. Around the low, there’s a key technical price level highlighted, however it’s nullified, so it may not be relevant in some way.


On October 6, 2022, there appears to be sideways fluctuation along support in the pre-market due to equal amounts of bulls and bears trading. Near the open, the sideways fluctuation turns into a decline, and we’ll see a notable drop to meet a day’s prominent low or trough. Out of the open, likely around 10:00 a.m., we have a bit of a rally that creates a crest or high for the day. We’ll see a decline from that crest to and through support, and we then turn around and reuse that as support. Between 10:00 a.m. and 11:00 a.m., it looks like we’ll have a bit of a holding pattern. It appears we’ll have a trade opportunity around 10:45 a.m. Congress is also highlighted around this time. Between 11:00 a.m. and noon, we revisit a past problem, and there’s a flight to safety through an important support level. Between noon and 1:00 p.m., we have a failed attempt to break through key resistance on a one-day chart, followed by a decline through key support on a one-day chart. There will likely be an unexpected failure to break through key support at this level. We’ll also see some erratic behavior around this time in the form of an M-shape back and forth through the same price level.

I’m advised to be very cautious between 1:00 p.m. and 2:00 p.m. There are either multiple false tops or bottoms or some sort of tricky chart behavior around this time, so I wouldn’t trade here. Between 2:00 p.m. and 3:00 p.m., we revisit that earlier opportunity at a crest in the midst of some erratic behavior back and forth through the same price level. In the last hour, there’s selling from overbought territory on the RSI. Right around the close, we have some bumping along a resistance level. In the post-market, we’ll see a fakeout.

Sneak preview:

A notable move.

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