top of page

S&P 500 Predictions for September 13, 2023

Updated: Aug 18, 2023



  • Day’s Theme: A period of sideways rotation along key support.


  • Behavior Around the High: A big move higher into the high.


  • Behavior Around the Low: Sideways rotation along key support, however it’s somehow nullified/made irrelevant.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around multiple failed attempts to break through key resistance.

    • An opportunity to open a short position in the pre-market. You could close that position after a decline around the open.

    • An opportunity to open a long position around the open after closing the long position.



Overview


On September 13th, there’s a rally in the pre-market that offers an opportunity to open a short position. You could probably close that after a notable decline off of a high around the open. You could also open a long position after the decline. We’ll then have a fast, sudden move higher marking the end of a period of volatility. We’ll move into a peak or crest above resistance between 10:00 and 11:00.


We’ll stay above resistance briefly and then break back down through the same price level shortly thereafter into a decline around 11:00. Out of that decline, we’ll have a brief breakout to the upside, but that breakout turns into a significant move to the downside into an important trough midday (between noon and 1:00). There’s a big move around 1:00 taking us into a peak or crest. We’ll then decline pretty notably off of that high into another trough around 2:00. Around 2:45, there’s a near overbought crest and a high for the day. We’ll sell off from that pretty notably. In the last hour, there’s an opportunity to open a long position before a big move higher that pushes the upper end of a range higher. We’ll have price swings in the post-market.



Sneak Preview


On the 14th, we’ll likely open lower.






23 views0 comments

Commentaires


bottom of page