S&P 500 Forecast for Thursday, October 28, 2021

Updated: Oct 28, 2021

Theme:

We have some bouncing around a price level, maybe poking through, and coming back up. The theme correlator is the Pleasure card, which is also the high correlator card for the month overview.


Behavior Around the Highs:

An opportunity to open positions in both directions, there is volatility around these highs.


The Behavior Around the Low:

Bullish rotation. The low may be a notable low.


Overview:

In the pre-market we have a decline, there is a trade opportunity right around the open as we see a move higher out of this decline. This will happen in the first half hour. There is a selling off of a high between 10:00am-11:00am. There is another trade opportunity between 11:00am and noon, with a push to the upside, and we have a lot of sideways up and down movement. There is flattening out or lightening of volume in the next hour.


We have selling through a support level between 1:00pm-2:00pm. We have a bearish indicator here right around the 2:00pm hour, along with a sudden move in the same hour. I see a decline and a pop higher close to 3:00pm. We have another big move higher to reach a high in the last hour. There is a sharp move to the upside within a period of volatility around the close. There is some more volatility and a high correlator in the post-market.


Looking to Tomorrow:

The Oppression card, we are range-bound.







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#MoonCancerSquareMarsLibra @2:02am est.

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#VenusSagittariusSextileJupiterAquarius @3:15pm est.

#MoonLeoSquareSunScorpio @4:05pm est.

#MoonLeoOppositionSaturnAquarius @7:03pm est.

#MoonLeoTrineChironAries @11:42 pm est.


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