S&P 500 Forecast for Friday, December 10, 2021

Updated: Oct 3, 2022

Theme:

Bullish rotation, but nullified.

Around the High:

Back and forth movement and a rally into a high. Trade opportunity.

Around the Low:

Volatility and breakdown through diagonal trend line.

Overview:

In the first half hour we have the Pleasure card, which we also had yesterday. We could be revisiting the same crest. We have a high correlation and Abundance card in the pre-market, which is a poke up through a resistance level, a brief peak, and then returns. We have a move high from a support level at the open. We have the Unicursal Hexagram between 10am and 11am, and it is crossed with the Art card and a low correlation. The Art card is usually an upside down U, two movements that cancel progress out. Based on the Unicursal crossing with it, the opportunity it is crossed with is probably bearish. I have a clairvoyant impression around 12pm to 12:30pm of a big decline coming, and there is a move higher going into the next hour, before pulling back.

From 1pm to 2pm there is a sharp decline through multiple support levels. The volatility starts to get a bit more hectic as we move towards the close. There is some fluid back and forth movement around the low for the day in the last hour. There is a highlight of an agreement between two leaders that affects the masses. At the close is the Emperor card, which means something might be significant with the President. We also hit the bottom of the range, and there is a trade opportunity around the close into the post-market.

Looking to Tomorrow:

Futility card, a lot of headwinds and the agreement is still significant.