S&P 500 Forecast for Friday, September 10, 2021

Updated: Oct 3, 2022

Performed by Kapproveb on September 2nd, 2021

Theme:

Senate is highlighted but nullified, since there are no correlations between the Theme card and any of the timeline cards. There will still be senate related issues.

Behavior Around the Highs:

A pop through a resistance level to a high, breaking through that same price level to come back down from whence it came.

Behavior Around the Lows:

Bullish rotation. This day also has one of the main lows for September, so that will likely be at the open or between 10:00am and noon.

Overview:

There is a fast, sudden move higher in the pre-market. Right around the open there is a significant price-level and some sort of fulfillment of technical analysis theory. There is a low around 10:05am-10:15am, a high around 11:00am, and another high around the 11:30am mark. We also have lots of lows. There is a deep low around 10:00am, and out of that we have a rally around 11:00am to noon. There is so much volatility.

We reach a new support level, or a positive technical indicator is triggered around midday, which is a trade opportunity to open some short positions. We have a big move around 1:00pm, based on some news that will shoot the market higher. That high is going to be a triangular peak, were we poke through a resistance level and turn around to come down quickly. There is a sharp dip within an already volatile market between 1:55pm and 2:15pm. We have more volatility, and out of that we have a move higher that ends a period of decline, and a move down right around the close. Following this, there is a move higher to another high, with a move down from whence it came, all within the post-market.

Looking to Tomorrow:

The following day’s card is saying we hang around some sort of support level for quite a bit of the day.