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S&P 500 Predictions for December 27, 2023 (Early Access Public)

Updated: 1 day ago



  • Day’s Theme: A resistance level on a multi-day scale that we’ll decline from with consecutively lower spikes up on the way down.


  • Behavior Around the High: Not specified.


  • Behavior Around the Low: Not specified.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position in the midst of a decline out of the open. I would close that around 10:00 at a peak.

    • An opportunity to open a long position for a scalp trade around 2:00 and close it around 3:00 at another high for the day.


Overview


We’ll have a fast, sudden move higher and we’re bound by some sort of range in the first half hour. There’s a notable move higher taking us into a trade opportunity around 11:00. We’ll then decline through key support between roughly 10:00 and noon. That decline takes us into a day’s low between roughly 11:00 and noon. That decline ends with a fast, sudden move higher between noon and 1:00. There’s then a full retracement back down between 1:00 and 2:00. Out of that, there’s another significant rally into a peak close to 3:00. We’ll sell off from that near overbought peak or crest through multiple support levels. There’s mixed behavior in the last hour. There may be a little peak followed by a drop around the close.



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