S&P 500 Forecast for Tuesday April 12th, 2022


Theme:

Congress is highlighted, or a foreign legislative branch. It is mixed with a significant trade opportunity, and we are most likely to have a push higher.


Overview:

In the pre-market there is a reversal and we push higher. A male ruler of nations is highlighted right around the open. It looks like there is a trade opportunity in the first half hour. There is a notable high and a decline off of that high. We have a push higher and there is a fakeout right away. An important price level is highlighted between 10am and 11am. There is an opportunity to trade here at a low. There is a decline and a prominent move off of support. Resistance is highlighted and then there is a prominent move higher between 11am and noon. We have an opportunity to cash in on a trade, so if I purchase calls early in the morning, I would like to sell them around 11am and possibly another midday for slightly less of a sale. We have a high between roughly 12pm and 1pm, with a trade opportunity there as well. Then we have volatility and we break down while it increases between 2pm and 3pm. There is another move to the upside in the last hour and we decline around the close. It picks up steam as we move into the post-market.


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