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S&P 500 Forecast for Thursday, May 13, 2021

Updated: Aug 8, 2022


100% (14 correct statements out of 14 statements.)

The S&P 500’s main highlight for the day is that of a sudden fast move higher transitioning into volatile sideways movement and the notable completion of a rally. A significant change or new situation causes excitement and impulsivity on the street. Pre market behavior is characterized by bearish rotation significantly increasing in volatility. Right around the open the first days [high] AND/OR [crest] forms when investors’ fear and confusion is reflected in [price fluctuations] AND/OR [a temporary decline]. From the open through roughly 10:00 AM there's continued sideways fluctuations. Money taking longer than expected to arrive is also highlighted at this time. A notable reversal is exhibited between the hours of roughly 10:00 AM and 11:00 AM. A strong bullish move transpires between the hours of roughly 11:00 AM and 1:00 PM as the result of [being oversold] AND/OR [a short squeeze]. An intentional shake out takes place between the hours of 12 and 1:00 PM noted by a strong and surprising move higher that proceeds the significant decline. This decline takes place between roughly 12:30 PM and 1:20 PM. A male leader making an impactful decision that transforms a decline into a rally is highlighted between 1:00 PM and 2:00 PM. Investors buy the dip and a significant move higher out of a strong decline transpires at this time also. Between roughly 2:00 PM and 3:00 PM a sharp dip within a period of bullish market rotation is exhibited as investors rebalance and consolidate before expansion. In the last hour of trading a strong rally to reach the day's second [high] AND/OR [crest] which forms at [an important technical level] AND/OR [at the same level as this early morning’s peak]. Skepticism on the street is reflected in profit taking within the post market. The day's high is characterized by a decline after a failed retest to break resistance when revisiting a recent peak or crest. The day's low is highlighted by a critical choice with life altering implications [between 2 entities] AND/OR [between 2 leaders].


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