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S&P 500 Predictions for September 25, 2023

Updated: Aug 20, 2023



  • Day’s Theme: A significant fake out or shake out or tricky chart behavior in the morning.


  • Behavior Around the High: Not specified.


  • Behavior Around the Low: Not specified.


  • Exclusive Trade Opportunities for Subscribers:

    • A drop into a low in the morning offers an opportunity to open a long position. I would close that long position in the midst of a pop to the upside between 10:00 and 11:00.



Overview


On September 25th, there’s a decline in the morning that increases with momentum moving forward into a period of sideways rotation around the open. There’s a sharp drop within that period of sideways rotation. That drop is likely a fake out that takes us to a low for the day. That low offers an opportunity to open a long position. There’s a lot of price movement around that low with a pop and drop between 10:00 and 11:00. You could close the long position after the pop. There’s a big move out of a trough to the upside around noon. We’ll then have a decline into a key support level between 1:00 and 2:00. That decline offers an opportunity to close any short positions. We’ll have back and forth behavior through the same price level between 2:00 and 3:00. We’ll then have a big move to the upside around the close.








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