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S&P 500 Predictions for October 17, 2023 (Early Access)

Updated: Sep 20, 2023

  • Day’s Theme: A brief peak that’s easily missed followed by a decline through multiple support levels.

  • Behavior Around the High:

  • Behavior Around the Low: Sideways rotation along key support near the low.

  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around a decline through multiple resistance levels.

    • An opportunity to open a short position toward the end of the day in anticipation of a low on the cusp of the 18th/19th.


On October 17th, there’s an important resistance level highlighted at the beginning of the day. There’s a sharp drop into a low/trough between 10:00 and 11:00. There’s a trade opportunity between 11:00 and noon and another decline into a period of volatility. Around 12:45, there’s a peak that stands out in the midst of that volatility. We’ll then have three crisscrosses back and forth through the same price level between 1:00 and 2:00. There’s an opportunity to close out of a trade and a notable decline through multiple supports between 2:00 and 3:00. We’ll establish support in the last hour and that’s followed by a notable move higher on a one-day chart. We’ll then decline pretty notably through another important peak.

Sneak Preview

Sideways rotation and a fast, sudden move higher ending that period of sideways rotation.

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