S&P 500 Forecast for Tuesday, October 26, 2021

Updated: Oct 26, 2021

Theme:

Oppression card, which speaks of range-bound behavior. There will be a notable range of some kind at play, that we will come up against.


Behavior Around the Highs:

A sharp move to the upside.


Behavior Around the Low:

A move higher along a diagonal support level to break through resistance to reach another. Then it will pull back through the second resistance level.


Overview:

We have some bullish rotation in the pre-market, which goes into a sharp decline and a possible trade opportunity right around the open. This we be a low, and out of it there is a courageous move to the upside in the first half hour. From 10:00am-11:00am we have a sharp sudden move higher within a period of volatility, and this will mark the end of this volatile time. Roughly around 11:00am to noon we have a move though a resistance level to create a peak before breaking down to that same price level. We have some more bullish rotation.


The Chariot card could mean two things. It could be some bullish rotation, or it could some move to the upside. In either case, 1:00pm-2:00pm there will be some definitive move to the upside. Congress will be highlighted, and there will be a low between 2:00pm-3:00pm. This may be a good opportunity to open some calls for a day trade. In the last hour we have a pop to the upside, which will reach a day’s high. We have a trade opportunity right around the close within a period of price swings or volatility. Then we have a decline in the post-market.


In general, today there will be a notable low with a sharp move to the upside. We are going to be range-bound either at the bottom, top, or both.


Looking to Tomorrow:

The preview card shows swords, which is going to be a sharp dip within a period of volatility.










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#MoonCancerQuincunxSaturnAquarius @7:21am est.

#MoonCancerSquareChironAries @12:33pm est.

#MoonCancerSextileUranusTaurus @7:37pm est.

#VenusSagittariusSquareNeptunePisces @9:06pm est.


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