S&P 500 Forecast for Wednesday February 9th, 2022


Theme:

Price swinging.


Overview:

There is significant volatility after meeting a price level in the pre-market. We bump against resistance and indecision around the open. We have traveling and bumping against resistance and meeting the top of a range in the first half hour. There is a really big move in the following hour and an opportunity to cash in or roll positions from 11am to noon. We have a big move out of a decline between roughly 12pm and 1pm. We continue and break resistance and have a sideways-S formation. We have a J-shaped dip in the last hour and an intentional fake out around the close. A price level is highlighted in the post-market.


Around the high there are opportunities to cash in on investment or positions and around the low there is going to be a courageous rally out of a decline.


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