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S&P 500 Forecast for Friday, December 3, 2021

Updated: Oct 3, 2022


A big push higher, the Sun card. A push off of a support level to a local high with a trade opportunity.

Around the Highs:

Selling from an overbought location.

Around the Lows:

Sharp declines, but nullified.


We have a push from a low point in the pre-market and a decline around the open. There is a big push out of that decline to bump along resistance; it is the Strife card, so it does not break through. There is a decline around 9:50am, and we reach a notable low and support around 10am or 11am. A male leader is likely highlighted at that time, and there is back and forth behavior between 11am and 12pm. Then we have a breakdown through multiple support levels, bounce along support, and then another breakdown. In the following hour we have some bearish bouncing around and there some disappointment. Around 2:15pm there is some temptation and I am advised not to trade here. There is a bullish clairvoyant impression around 3pm, and it looks like there is a big push to the upside in the last hour. There is also a day’s low in there, where we fail at the end of the day. There is a high in the post-market.



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