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S&P 500 Forecast for Friday, December 31, 2021

Updated: Oct 3, 2022


Big push to the upside with some retracement, an upside-down U-shape.

Around the Low:

Big push to upside off of low, but it is nullified. Likely this push higher will be cancelled out.

Around the High:

Close proximity to opportunity to open long positions. Break down through two support levels off of the high, bounce around, and break down further.


The theme card correlates to the pre-market, there is a high correlation with the opening and first half hour card. Around the open we have a breaking down along a diagonal trend line and volatility picks up. There is an opportunity in that decline to open long positions, and then there is a big push higher to reach a high around 9:45am. We have a trade opportunity again, in the midst of a decline. This will be in the 10am to 11am hour, and an important price level is highlighted. There is a big push to the upside again between 11am and 1pm, and both of those hours are correlated to the theme. 11am to noon will come with a big push to the upside, with a U-shaped dip near the intersection of two perpendicular diagonal trend lines.

We have a push out of a decline and another opportunity to open long positions around 1pm to 2pm. There is a crest around 1:40pm and another one around 2:45pm-ish. In the 2pm to 3pm hour, there is a decline through multiple support levels. There are wild swings in the last hour, and it also marks a trade opportunity that highlights a male ruler. Around the close, we have a big push higher and a reversal, and this will take place in overbought territory on the RSI. There will be a sell-off that takes us into the pre-market.

Looking to Tomorrow:

Big move higher, something happens that incites a rally, although it may not hold.



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