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S&P 500 Predictions for November 7, 2023 (Early Access Public)

Updated: Oct 22, 2023

  • Day’s Theme: A day with a lot of sideways behavior and a prominent peak.

  • Behavior Around the High: An important price level near the high.

  • Behavior Around the Low: A big move to the upside out of the low.

  • Exclusive Trade Opportunities for Subscribers:

    • A decline in the first half hour offers an opportunity to open a long position. There’s an opportunity to close at a high for the day around 11:30.

    • An opportunity to open a long position at a trough around 3:30.


We’ll start the day with bullish price swings followed by a sharp drop right around the open. That decline likely continues into the first half hour and presents a trade opportunity to open a long position. We’ll have another high around 10:00. We’ll have a notable decline between roughly 10:00 and 11:00. That will then turn into a rally where we’ll break through horizontal resistance to meet a secondary resistance before pulling back to somewhere between those two price levels. We’ll have another high for the day around 11:30. This offers another opportunity to close out of a long position. We’ll then have a notable decline off of that peak to a key support where we’ll have a low between roughly 1:00 and 2:00. There’s then a prominent move higher off of that low reaching for distant resistance. After meeting that resistance, we’ll have sideways rotation along key support. In the last hour, that sideways rotation turns into volatility. There’s a prominent trough and a trade opportunity to open a long position around 3:30. We’ll then have a fast, sudden move higher taking us into key resistance around the close. There’s a U-shaped dip in the post-market.

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