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S&P 500 Predictions for December 13, 2023 (Early Access Public)

Updated: Nov 27, 2023



  • Day’s Theme: A bearish day overall.


  • Behavior Around the High: A sideways-fluctuating rally that precedes a decline, however that behavior is somehow nullified.


  • Behavior Around the Low: Not specified.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a partial long position for an overnight swing trade at a trough between 11:45 and noon. You could open the rest of the position toward the close.

    • An opportunity to open a short position for a day trade at a peak around 12:15. I would close that after a move to the upside in the last hour.


Overview


We’ll attempt to establish support in the pre-market. There’s multiple failed attempts to break through key resistance at the open. That’s followed by a pop and drop with a lot of price movement to the downside. There’s a lot of volatility to the downside between 10:00 and 11:00. We’ll end up in a low midday. There’s a trough around 11:45 or noon that offers an opportunity to open a long position for a swing trade. There’s a quick move to the upside taking us into a peak or crest around 12:15. That offers an opportunity to open a short position for a day trade. We’ll sell off from that crest through multiple support levels between 1:00 and 2:00. There’s sideways fluidity or equal amounts of inflow and outflow between 2:00 and 3:00. There’s a notable decline on a one-day scale in the last hour that offers an opportunity to close the short position or open a partial long position.






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