S&P 500 Forecast for Wednesday January 19th, 2022


Theme:

A peak that forms when we break through a resistance level to briefly create that point and then we break back down through that same price level.


Overview:

We have the Abundance card in the pre-market, and we break down through diagonal trend line and there is volatility on the way down. There is a notable trade opportunity in the first half hour of trading. This will be to cash in, roll positions, or open a position. Then we have sideways fluctuation with a slight bullish trend between roughly 10am and 11am. In the next hour, we have a surprise failure and something does not happen that was expected. It may have looked like we are going to break out or maybe a piece of news would have come out. This happens from roughly 12pm to 1pm, and we have sideways bullish rotation, with possible economic data highlighted. Then we have a sharp drop between roughly 1pm and 2pm, with a notable move to the downside. Then there is the Unicursal Hexagram again and we move out of a sharp decline. This higher move offers an opportunity to short or open up protection on long positions in the last hour of trading. This is the completion of a bullish trend. Then we have a breakout in the post-market or right around the close.


Around the high there is going to be sideways fluctuation with a downward trajectory. A female ruler may be highlighted. Around the low there is going to be sideways fluidity.


Sneak Preview:

Sell off from a notable peak when we reach overbought territory.

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