S&P 500 Forecast for Friday January 28th, 2022


Theme:

Possibly low volume, looks like we have a flat day.


Overview:

There is a big push to the upside in the pre-market. We continue to push from a quick dip in the first half hour. There is a peak that forms from 10am to 11am when we break through resistance. We stay above it briefly before we break down through it. There is a failed attempt to break a key resistance level and a breakdown through key support between roughly 11 and noon. Then we have a move higher to break through resistance and establish that resistance level as new support between 12pm and 1pm. There is some more sideways bullish rotation between 1pm and 2pm. There is sideways fluidity between 22pm and 3pm. Then we have a U-shaped dip in the last hour. In the post-market, we have multiple failed attempts to break resistance and a strong move to the upside.


We have a prominent move to the upside to reach the high, and the lows are significantly established support.


Sneak Preview:

An agreement between two leaders is highlighted.


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