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S&P 500 Forecast for Wednesday, December 22, 2021

Updated: Oct 3, 2022


Theme:

Highlighted support level, an attempt to establish or re-establish it.


Around the Low:

Revisiting of an old opportunity.


Around the High:

An opportunity to buy long positions before pushing higher.


Overview:

At the open we can cash in on prior positions. We have the Science card, which was the theme for the prior day. The price level in the pre-market is highlighted. There is a sharp decline from roughly the open to 10am. There is back and forth behavior with a possible high. At around 10:30am to 10:45am there is an opportunity to open short positions. Roughly 11am to noon we have a sharp decline through multiple support levels. We have a turn around and a breakout to a crest, which starts around 11:45am. The President or a male leader is highlighted between 1pm and 2pm. We rally higher between 2pm and 3pm, and there is an opportunity to open short positions there. We revisit a low in the last hour, and there is a push off of it into the close.


Looking to Tomorrow:

Sharp dip within a period of volatility.











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