S&P 500 Forecast for Thursday, March 25, 2021

***********

100% (11 correct statements out of 11 statements.)


The S&P’s theme for today is that of extreme bearish sentiment, decrease, and the beginning of a contraction which is reflected in a strong decline. In the pre-market there is a sharp dip amidst bullish behavior. There is heightened volatility with extreme price swings AND/OR another sharp dip between the open and roughly 10am. From the open there is a breakdown through support/resistance and further decline until another support level is met. There is a reversal off of the lower support line and a rally back to the resistance level created when the first support was broken. A reversal off of that resistance level and a decline back down to the new support level takes place before roughly 10am. Between roughly 10am and 11am there is a notable rally higher out of a significant decline as bulls persevere. The rally higher eventually leads to the formation of an overbought crest when investors take risk off somewhere between roughly 11am through 12pm. Somewhere in between 12pm and 1pm a new situation AND/OR change/decision is highlighted inciting a courageous rally out of a notable decline. That courage becomes tension as the rally transitions into bearish rotation. Between roughly 1pm and 2pm there is an unexpected change AND/OR sudden destruction that acts as a wake-up call to investors and the market plummets. Around 2pm to 3pm the S&P exhibits a holding pattern. Congress and/or large institution(s) along with rules, regulations around government aid/assistance are highlighted. Within the last hour there is a sudden move higher. Around the close a resistance level is tested three times before another decline commences in response to bad news involving a long standing and problematic relationship. In the post market there is another failed test to break resistance AND/OR a breakdown through support level(s).

Between approximately 11am through 2pm there will be multiple temporary/deceptive highs all of which are followed by reversals. I may take the opportunity to trade around 1pm - 2pm-ish in which case I would be buying protection or opening long puts.





#SunInPisces

#MoonInLeo #2ndQuarterMoon #2ndQuarterMoonInLeo #MoonInVirgo #2ndQuarterMoonInVirgo

#MercuryInPisces #MercuryDirect #MercuryDirectInPisces

#VenusInAries #VenusDirect #VenusDirectInAries

#MarsInGemini #MarsDirect #MarsDirectInGemini

#SaturnInAquarius #SaturnDirect #SaturnDirectInAquarius

#JupiterInAquarius #JupiterDirect #JupiterDirectInAquarius

#NeptuneInPisces #NeptuneDirect #NeptuneDirectInPisces

#UranusInTaurus #UranusDirect #UranusDirectInTaurus

#PlutoInCapricorn #PlutoDirect #PlutoDirectInCapricorn

#ChironDirect #ChironInAries #ChironDirectInAries

#MoonLeoQuincunxNeptunePisces @8:07am est.

#MoonLeoOppositionJupiterAquarius @9:27am est.

#MoonLeoQuincunxPlutoCapricorn @5:28pm est.

#MoonEntersVirgo @11:25pm est.


 


US10Y, Dow's best month since November, NASDAQ's worst since October; Investors eye stimulus, tax proposals
Stocks on track for 2nd straight losing week; Stocks to watch at the open
(RAD), (WBA), Rite aid shares fall on weak guidance; Suez canal choked for third day
All Florida adults will be eligible for shots by April 5; Tech CEOs split over social media shield
(TWTR), (GOOGL), (FB)
Sarah Guo, Greylock Partner; Maersk, Hapag-Lloyd consider diverting ships around Africa
Bernstein: highly progressive tax changes will be proposed
(OIH), API: "the world has changed" since cap & trade debate
(MS), Morgan Stanley options, April 80 calls; Tech CEOs testify before house panel on extremism and misinformation
Biden: new vaccine goal is 200M shots in first 100 days
Biden: education dept. survey shows nearly half of K-8 schools open
Biden: filibuster being abused in gigantic way
Lawmakers grill big tech CEOs over misinformation; Biden: next major initiative is to rebuild infrastructure
Tech CEOs testify before house panel on extremism and misinformation
(GME), Facebook, Twitter ALphabet CEOs testify on misinformation
(NKE), (CRM), (MSFT), (MRK), (JNJ); Teh CEOs testify before house panel on extremism an misinformation
DOW, S&P 500 close near session highs; Financials, industrials lead gains
Trading the turnaround, big swing on Wall Street; NDX
Booze, chocolate, & perfume, Nadine's duty-free play; Big tech answers to Washington
Cramer's bringing context to the latest action and offering advice on how to move forward
First press conference; Brands such as Uniqlo, Nike, Addidas, Under Armour, and Gap were criticized in media posts