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S&P 500 Predictions for October 16, 2023 (Early Access)

Updated: Sep 20, 2023

  • Day’s Theme: A local high or a move through resistance that we’ll stay above briefly and then break back down shortly thereafter.

  • Behavior Around the High: An intentional fake out of some kind.

  • Behavior Around the Low: An important support level on a one-day scale that we’ll attempt to establish with sideways rotation.

  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around a sharp decline off of a peak.


On October 16th, we’ll either open lower or have a sharp drop in the pre-market. There’s also a sharp drop in the first half hour taking us to a day’s low between 10:00 and 11:00. There’s a peak or crest for the day within close time proximity to the low. That’s followed by a notable move to the upside even in the face of seemingly overwhelming headwinds between 11:00 and noon. There’s a sharp drop within a period of volatility between 11:00 and noon. That drop will take us to another low for the day around 1:15. There’s then a period of sideways rotation and another sharp drop that stands out within that sideways rotation. Between 2:00 and 3:00, there’s a big move to the upside. That move to the upside is followed by a full retracement back down in the last hour. There’s a move to the downside in the post-market.

Sneak Preview

We’ll likely open lower.

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