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S&P 500 Forecast for Thursday, December 2, 2021

Updated: Oct 3, 2022


Theme:

Significant price level.


Overview:

Period of volatility and move higher in pre-market. Sharp decline through at least one support level in the open. In the first half hour we have the Power card, which surrounds a support level. I have a clairvoyant impression to take profits around 9:50am. Then we have some sideways fluctuation with a bearish tone between 10am and 11am. It could also be something related to the environment, or a female leader is highlighted. There is a push off of a low in the following hour, and then a breakout. Around noon to 12:30pm, news comes out which leads to an intentional shakeout. It is possible we have a day’s high around 1pm.


There is a courageous rally out of the low we had earlier in the day and then a low between 2pm and 3pm. This is an opportunity to open some short positions, even though it may seem like a bad idea. In the last hour there will be a move to the upside. There is also notable resistance that becomes support. We revisit an opportunity right around the close. We have three low correlations and nothing related to the high, and there is a lot of moving higher in general. At the lows I will buy calls. In the post-market we have a push to the upside.








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