S&P 500 Forecast for Monday, November 1, 2021

Theme:

There will be a cross up through a resistance level forming a peak, and then a drop down through that same price level, using it as support. Generally, there is a notable high when we see the Love card. There are significant trade opportunities for today when looking at the month of November.

The Behavior Around the Highs:

A steady, notable move higher based off of an economic happening.

The Behavior Around the Lows:

We will meet a significant support and from the low we will push higher, highlighting an economic leader and encouragement.

Overview:

In the pre-market there is an opportunity to position oneself on both sides of the market. There will be some volatility, and at the open there will be a diagonal support line that we break down through. Then there is a move higher followed by a move back down to roughly the same level. That, in itself, is two trade opportunities. One is a day trade around the open and throughout the first half hour. Another is to position myself for a bullish trade to close that position for another day trade later. We have a decline back to the same level, a notable low in the pre-market or first half hour, we have some further decline, and then a pop higher. This is where we would see the beginning of the cross through the resistance level to a peak.

At roughly 11:00am to noon we will have that move higher. From 12:00pm-1:00pm we will have a continued huge move to the upside to create a new distant resistance level. There is a high correlator around 1:00pm-2:00pm, and the high is going to be somewhere between 11:45am-2:00pm, and there could be multiple. We have some sort of agreement that takes place between two leaders, usually a merger or big decision. Whatever this highlight is, we will see a move to the downside. In the last hour of trading, we will see three pokes through a resistance level, followed by a sharp decline. Then we will play around a support level near the close. There will be a move to the upside in the post-market.

Looking to Tomorrow:

The Queen of Swords, which is a sharp dip within a period of volatility.

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#NeptuneInPisces #NeptuneRetrograde #NeptuneRetrogradeInPisces

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#PlutoInCapricorn #PlutoDirect #PlutoDirectInCapricorn

#ChironRetrograde #ChironInAries #ChironRetrogradeInAries

#MercuryLibraTrineJupiterAquarius @12:18am est.

#MoonVirgoOppositionNeptunePisces @3:05am est.

#MoonVirgoQuincunxJupiterAquarius @6:35am est.

#MoonVirgoTrinePlutoCapricorn @9:43am est.

#SunScorpioQuincunxChironAries @11:20am est.

#MoonVirgoSquareVenusSagittarius @1:00pm est.

#MoonEntersLibra @7:11pm est.

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