S&P500 Forecast for Wednesday, May 25th, 2022


Theme:

The Adjustment card as the high. The high from the 24th ends up being the low for the 25th. It is a bullish day.


Overview:

We attempt to re-establish support in the pre-market, Right around the open is a trade opportunity and a failed attempt to break through resistance. There is a decline through two support in the first half hour and we will be bouncing along support, increasing in momentum. There is a sharp decline between roughly 10am and 11am and then a prominent move higher from support to resistance in the following hour. There is a reversal between noon and 1pm, which also marks a trade opportunity. We are going to have a full-on retracement and we have a big of a move higher and then back lower between noon and 2pm. I am advised to open some protection. There is a sharp dip within a period of sideways rotation that takes place in a

completion of a bullish trend. In the last hour we decline right around the close. In the post-market we go back and forth along a price level three times.


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