S&P 500 Forecast for Friday, May 14, 2021

Updated: Aug 8, 2022

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90% (9 correct statements out of 10 statements.)

The theme of the day is a necessary and permanent change; the ending and beginning of the [cycle] AND/OR [trend]. The day's low forms in the pre market from [a gap down] AND/OR [a very significant decline]. At this time I am presented with an opportunity to open long positions. Right around the open there's a decline from a [crest] AND/OR [high] down to a support level. A sharp dip within a period of bullish market rotation transpires between the open and roughly 10:30 AM and reflects a rebalancing or consolidation. Between 10:00 AM and 11:00 AM unexpected failure creates a mixed sideways decline. Right around 11:30 [a low] AND/OR [trough] forms when investors buy the dip leading to wild swings with an overall increase and a breakout through resistance to reach an additional resistance level at which point the S&P pulls back due to buyer's remorse. Between 12:00 PM and 1:00 PM the buyer's remorse leads to a transition into bearish rotation that significantly increases in volatility as time passes. A [new way of thinking about a situation] AND/OR [policy change] is highlighted between the hours of 12 PM and 1:00 PM. Another day's [low] AND/OR [trough] forms between 1:00 PM and 2:00 PM when an extremely powerful move higher out of a decline transpires. Another [high] AND/OR [crest] forms between 1:00 PM and 3:00 PM with a transition into [price fluctuations] AND/OR [a notable temporary decline]. A female leader is highlighted in the last hour. The S&P 500 behavior in the last hour is a dip followed by a rebound back to roughly the same level from which it dropped. Right around the close an overbought crest leads to profit taking and the post market behavior is that of a [sharp dip] AND/OR [extreme price swings] within an already volatile market. Sign up free at the investorprofit.com and read these daily predictions days in advance.