S&P 500 Forecast for Thursday, September 9, 2021

Updated: Oct 3, 2022

Performed by Kapproveb on September 2nd, 2021

Theme:

The Emperor. A male ruler is highlighted, most likely the President.

Overview:

In the pre-market, we have our first low. Following this, we move up to a high, which is then nullified by an unexpected failure. There is a decline through multiple support levels, and we reach another low. I am seeing lots of range-bound activity within the first half hour. Between 10:00am and 11:00am, we have three pokes through resistance, with the last taking us into a sharp decline through noon. At this point, we see an almost full reversal, which takes us to the highest high around 1:00pm. This is the last of the highs.

Off of that, we have the Ace of Disks, and I see a great opportunity to open a position. For me, I think it will be short. There will be a sharp decline off of that high to a new low, which will be the lowest thus far. We do have some strong, bullish cards in the last two hours, but none reach the highs from earlier. Right around the close, there is another sell off that takes us to an even lower low. In the post-market, there is a correlation to the Trade card, which is the Tower. This means we have a sharp decline that starts at the close and goes into the post-market.

Looking to Tomorrow:

The decline at the close on September 9th continues into the following day, where we hit a lower low. There will be a strong move higher to rally back.