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

Updated: Oct 31, 2023



  • Day’s Theme: A notable but short-lived breakout through resistance before breaking back down through the same price level.


  • Behavior Around the High: Not specified.


  • Behavior Around the Low: Not specified.


  • Exclusive Trade Opportunities for Subscribers:

    • A momentary breakout between 11:00 and noon offers an opportunity to close a long position.


Overview


In the pre-market, we’ll have a notable move to the upside out of oversold territory as we move into the open. There’s a highest high thus far in the first half hour. There’s an unexpected move higher taking us to a peak between roughly 10:00 and 11:00. There’s a momentary breakout between 11:00 and noon that offers an opportunity to close a long position. We’ll sell off from that down to and through support to meet a second support level and then bounce along that for a bit. We’ll then continue to break down through multiple supports. There’s sideways rotation that turns into a big move higher between roughly 1:00 and 2:00. That’s followed by sideways rotation at a higher price level. There’s a momentary breakout between roughly 2:00 and 3:00. There’s a decline as we move into the close and a fast, sudden move higher around the close that ends that decline.



Sneak Preview


We’ll likely open lower the following day.









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