100% (9 correct statements out of 9 statements.)
The overall highlight / theme / behavior of the the S&P for today is that of a leader in business or a male celebrity providing inspiration and motivation. An innovative and original idea or solution improves a financial situation and a big move higher along a trend line takes place as a result. In the pre-market an exuberant and temperamental leader is highlighted during a period of volatility and wild swings. The market exhibits a holding pattern as congress AND/OR an older woman (likely Pelosi) proves helpful or she interferes. Around the open, the market’s reaction to this female leader is that of intense buying followed by some buyer's remorse. Between the open and 10am there is a rebalancing/consolidation before which is exhibited by a sharp dip within bullish market rotation. Between roughly 10am and 11am the S&P tests a support level creating a trough “rebirth through fire,“ disagreements, disruptions, obstacles, gossip, protests, demonstrations, AND/OR riots are all a strong possibility of being highlighted at this time. From approximately 11am through 12PM the market exhibits expansive, enthusiastic behavior and excitement as investors pile risk. As a result of exciting good news there is an extremely powerful rally as stocks jump. Between 11:45am and 12:15pm “change arrives”. There is a rebalancing and an equilibrium between Bulls and Bears is reached through fluid sideways fluctuations. A balance between inflow and outflow with higher than average volume reflects investors adapting to change. From roughly 1pm through 2pm another trough forms as a new way of thinking emerges when investors gain clarity surrounding new ideas. This clarity is exhibited by sideways bearish price swings . From 2pm through 3pm stability, authority, and government are the highlighted and rational move higher takes place. In the post market there is subterfuge; a daring move higher that is intended to cause impulsive decisions through convolution and deception in an attempt to shake out short investors. This strong rally higher in the face of seemingly overwhelming headwinds is cut short due to bad news around the close. This news relates to a long standing problematic relationship (likely from afar.) Market behavior around the close is that of a decline after three failed attempts to breakout through a resistance.
The day’s high forms through a huge breakout rally that commences out of a notable low/trough AND/OR out of a strong decline. The high involves a pending decision getting a green light.
Around the day’s low an economic leader provides support causing a huge breakout rally off of the low AND/OR wild swings. Sentiment is to “buy the dip.” This breakout through resistance reaches an additional resistance level at which point it pulls back.
If I choose to place trades today I will do so around 10am-11am when the S&P meets and bumps along a support level. My position will be to open bullish positions and closing and *speculative bearish positions. I will hold my less speculative bearish positions (*far off expiration put options) covering my equity positions.
#SunAriesConjunctionVenusAries @2:58am est.
#MoonVirgoQuincunxSunAries @9:52am est.
#MoonVirgoQuincunxVenusAries @10:00am est.
#MoonVirgoQuincunxChironAries @2:13pm est.
#MoonVirgoTrineUranusTaurus @2:17pm est.
#MoonVirgoQuincunxSaturnAquarius @6:00pm est.
#MoonVirgoSquareMarsGemini @10:16pm est.