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S&P 500 Predictions for September 19, 2023

Updated: Aug 20, 2023



  • Day’s Theme: A period of volatility that ends with a fast, sudden move higher.


  • Behavior Around the High: A notable decline off of the high.


  • Behavior Around the Low: A rally that increases with momentum moving forward in time out of the low.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around an important trough.



Overview


On September 19th, there’s a decline out of the open and then a move up to reach for resistance. We’ll then decline off of that resistance and move into a trough. There’s an unexpected move to the upside to meet key resistance between 11:00 and noon. We’ll have some notable selling off of a peak or crest between noon and 1:00. There’s then a move to the upside into a high between 1:00 and 2:00. There may be somebody speaking around that time and I’m advised not to trust what’s being said. We’ll then sell through multiple support levels from a notable peak or crest. There’s a move higher around the close. We’ll stay above that price level briefly and then break back down through the same price level shortly thereafter.





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