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S&P 500 Predictions for December 18, 2023 (Early Access Public)

Updated: 2 days ago



  • Day’s Theme: A fast, sudden move higher that will stand out. A mixed day overall.


  • Behavior Around the High: We’ll see the high more than once.


  • Behavior Around the Low: A significant move to the downside into the low.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around a peak that we’ll sell off from pretty notably.

    • In the midst of a rally between 10:00 and noon there’s an opportunity to open a short position for a multi-day swing trade.


Overview


In the pre-market, there’s a notable move higher where we’ll successfully turn resistance into support. Right around the open we’ll move into a crest and then sell down to and through support. We’ll do a U-shaped reversal below that support level and then come back up to reuse it as support. There’s a day’s low or a trough in a period of sideways rotation. That turns into a notable rally between 10:00 and noon. In the midst of that rally there’s an opportunity to open a short position for a multi-day swing trade. You could close that when we revisit the low midday. You could also open a long position after a notable decline after 2:00.



Sneak Preview


We’ll open at a low on the 19th.



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