S&P 500 Forecast for Tuesday, March 30, 2021

Kapproveb Alcyone
Mar 30, 2021
2 min read

Updated: Aug 8, 2022

***********

90% (9 correct statements out of 10 statements.)

A new situation or significant change/decision slows a decline and causes a notable move higher that transitions into bearish rotation. In the pre market there are multiple attempts to breakout through key resistance. At the open the S&P bumps along resistance. From the open through roughly 10am there is a dip followed by a rebound back to even and highlighted by a leader who is hiding something. From roughly 9:50am through 11am there is a rebalancing between bulls and bears reflected in fluid sideways fluctuations on higher than average volume. Between roughly 11am and 12pm a decision is made by a judiciary or business leader either causing bearish rotation with significant price swings OR the decision is made during bearish price swings causing a sudden move higher between roughly 11am through 1pm. That sudden jump up transitions into sideways bullish rotation between roughly 12pm and 3pm. The day’s high AND/OR a notable crest forms at a pivot point taking place between ~12pm to 3pm. Support is tested in the last hour. Around the close flat bullish rotation transitions into bearish rotation with increasing volatility as we approach 4pm. In the post market there is a decline that reaches support and then bounces off of support, and then rallying back to a reversal off resistance, and then declining to meet support again.