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

Updated: Oct 23, 2023



  • Day’s Theme: A pretty mixed day.


  • Behavior Around the High: A decline out of the high that offers an opportunity to open a long position.


  • Behavior Around the Low: Three pokes through the same price level followed by a sharp drop after the third poke.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position after a rally around the open.

    • A decline to revisit a support level in the first half hour offers an opportunity to open a long position. I would close that somewhere between noon and 3:00.



Overview


We’ll likely open lower and have a rally to the upside around the open that offers an opportunity to open a short position. That’s followed by a decline to revisit a support level. That offers an opportunity to open a long position. There’s a lot of price change between 10:00 and 11:00 with a notable drop that will stand out within that price change. We’ll rally between 11:00 and noon and have some sideways rotation around noon. We may revisit a support level in the midst of that sideways rotation. We may also establish a new high within that sideways rotation. There’s a decline in the last hour and a rally around the close that may meet a high.



Sneak Preview


We’ll likely open lower and a notable breakout.








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