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S&P 500 Forecast for Wednesday, December 8, 2021

Updated: Oct 3, 2022


A sharp decline. There is a Unicursal Hexagram which generally is an indication that you will make money on a sharp decline.

Around the High:

Completion of a bullish trend.

Around the Low:



In the pre-market we have a push to the upside, but at the open is a trade opportunity. It is the Strife card, which means we bump against a moving average as resistance. The Indolence card is here, so the high from early in the day will not be revisited. We have a quick peak in the first half hour before breaking down through resistance levels. There is a sharp decline within the hour of 11am and 12pm. There is further decline and a price level that is notable between 12pm and 1pm, as well as a U-shaped dip. We come up along a diagonal trend line in the next half hour. We rally and poke a resistance level and come back down between 2pm and 3pm. There is a trade opportunity within the last hour of the trading day, and there is a sharp dip between 3pm and 3:30pm. There’s another trade opportunity right at the close with another sharp decline. It is a super bearish day.



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