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S&P 500 Predictions for September 20, 2023

Updated: Aug 20, 2023



  • Day’s Theme: A move to the upside out of a decline, however this is somehow nullified or somehow made irrelevant.


  • Behavior Around the High: Not specified


  • Behavior Around the Low: Not specified


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to open a short position at a resistance level midday.



Overview


On September 20th, there’s a decline first thing in the morning. There’s a trough or a low around 10:00. We’ll have some price swings in the first hour and a half taking us to a near overbought peak or crest that we’ll sell off from through multiple support levels. There’s a sharp drop within a period of volatility between 11:00 and noon. We’ll have a big move to the upside in the 2:00 hour. We’ll turn resistance into new support and then rotate sideways along support at a high for the day. We’ll then sell down through multiple support levels. That’s followed by a big move to the upside and then selling down through multiple support levels again into a low around the close or in the post-market.





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