S&P 500 Forecast for Thursday January 13th, 2022



Theme:

A significant drop within price swings.


Overview:

We have a significant high or crest in the pre-market and we push to the top of a range. We revisit a low or a trade opportunity at a support level between roughly 11am and noon. I am advised to be prudent in the first hour and a half of trading after a move higher. There is some range-bound behavior between 12pm to 1pm. We move higher and bump up against resistance levels, establishing support between them in the following hour. Then we have notable volatility and a lot of movement between 2pm and 3pm. In the last hour of trading there is a big courageous rally out of a decline and a trade opportunity right around the close. In the post-market there is an opportunity to play both sides of the market. Around the high there will be two equal and opposite moves to cancel each other out. Around the low there will be a petering out of volatility and a significant price level will be met.


Looking to Tomorrow:

Trade around a sharp decline through notable support and there is some bullish rotation.




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