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S&P 500 Predictions for December 12, 2023 (Early Access Public)

Updated: Nov 27, 2023



  • Day’s Theme: The completion of a bullish trend.


  • Behavior Around the High: A fast, sudden move higher taking us into the highest high. The high is somewhere between 10:00 and 11:30.


  • Behavior Around the Low: An important technical price level on at least a one-month scale around the low.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around a pop and drop.

    • An opportunity to open a short position in the midst of a rally out of a decline in the first half hour.



Overview


In the pre-market, we’ll have three crisscrosses back and forth through the same price level confirming a bullish trend. That bullish trend is halted at the open with a decline through key support. We’ll then have a rally out of that decline in the first half hour that offers an opportunity to open a short position. That’s followed by a period of volatility that ends with a fast, sudden move higher around 11:00. That creates a peak that we’ll sell off from pretty notably between 11:00 and 1:00. There’s likely a trough around 1:00 where we’ll establish support with sideways rotation along key support on a one-day chart. That’s followed by a big move to the upside that creates a crest that we’ll sell off from down to and through support. We’ll do a U-shaped reversal below support and then come back up to reuse that price level as support. There’s an important support level highlighted in the last hour that we’ll likely have a move to the upside off of.







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