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S&P 500 Predictions for December 28, 2023 (Early Access Public)

Updated: 1 day ago



  • Day’s Theme: A period of volatility that ends with a fast, sudden move higher.


  • Behavior Around the High: An important support level at which we’ll fail to establish support.


  • Behavior Around the Low: A notable decline to meet the low.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around a sideways S-formation.

    • An opportunity to open a long position around 10:00. I would either close that around 11:00 or around 12:45.



Overview


There’s a notable decline in the pre-market. Right around the open we’ll have a low with a notable reversal out of the low. There’s a fast, sudden move higher marking the end of that volatility. There’s a sideways-fluctuating decline between 10:00 and 11:00 that precedes a significant move to the upside. There’s a notable move into key resistance around 11:00 and then we’ll bump along resistance. That’s followed by a prominent move higher and then a full retracement of that move back down around noon. There’s a significant decline through multiple support levels off of a peak between roughly 1:00 and 2:00. There’s a move higher out of that decline between 2:00 and 3:00. We’ll decline to and through support to meet a second support and then bounce along that support for a bit before breaking down through multiple support levels.



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