top of page

S&P 500 Predictions for October 5, 2023 (Early Access)

Updated: Sep 18, 2023



  • Day’s Theme: The completion of a bullish trend.


  • Behavior Around the High: We’ll meet a key resistance that we’ve failed to break through many times before.


  • Behavior Around the Low: A rally into key resistance followed by a decline with consecutively lower spikes up on the way down.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a long position first thing in the morning.

    • An opportunity to open a long position in the midst of a decline in the 1:00 to 2:00 hour.



Overview


On October 5th, we’ll likely open lower. There’s a trade opportunity first thing in the morning. There are multiple failed attempts to break through key resistance in the first half hour followed by a decline into an important trough. There’s a trough between 10:00 and 11:00. Closer to the 11:00 hour, we’ll have a big move out of that trough. There’s an important price level we meet at a high between 11:00 and noon.


We’ll break through that price level momentarily in a fake out. Instead of continuing up, we’ll break back down and have a sideways-fluctuating decline into the 1:00 to 2:00 hour. In that hour, there’s an opportunity to open a long position in the midst of a decline. We’ll have sideways rotation, and at the end of the day there’s a peak or crest we’ll sell off from through multiple support levels.






21 views0 comments
bottom of page