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

• Day’s Theme: A notable retracement back down of the move higher that we had on the 24th.

• Behavior Around the High: A prominent move into the high that’s nullified and somehow made irrelevant with chart behavior.

• Behavior Around the Low: An important technical price level on a multi-day scale. Volatility will flatten out around that price level.

• Exclusive Trade Opportunities for Subscribers:

  • I’m advised to trade around a notable move higher on at least a one-day chart.

Overview

In the pre-market, we’ll either open lower or have a notable gap down and a rally into key resistance right around the open. In the first half hour, there’s a notable decline through multiple support levels taking us to a lowest low where volume or volatility will flatten out. There’s a crest that we’ll sell off from down to and through support between 11:00 and noon. We’ll do a U-shaped reversal and come back up to reuse that price level as support. There’s a fast, sudden move higher roughly between noon and 1:00. We’ll have three pokes through the price level at that high and then have a reversal back down with a sharp drop taking us back to a low. We’ll have some price swings in the last hour and have a sideways-fluctuating decline into a lower low right around the close where we’ll revisit a support level that we’ve met recently.

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