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September 19, 2022 S&P 500 Predictions (RATED)

Updated: Dec 1, 2022

*Accuracy rating update: 88% or 7/8 predictions correct*



Theme:


A notable move to the upside. There’s a strong correlation to a month’s high. Around the high, we have bumping sideways along resistance. The low is going to be an important technical price level, likely on a multi-day chart. It looks like we have a big move to the upside off of the low as well.


Overview:


In the pre-market, we have negative headwinds pushing the S&P lower. Right around the open, we’ll have an opportunity to open up a position in both directions. There will be a low at the open and a big move out of that pre-market decline to the upside, however I’m advised to be cautious there. It seems like the move higher doesn’t last long or there’s a false high of some sort. Between roughly 10:00 a.m. and 11:00 a.m., we have a decline into a prominent trough. Between 11:00 a.m. and 2:00 p.m. we’ll see some movement to the upside. Midday, we have a high due to a merger or an agreement between two leaders. At the high, there’s a trade opportunity, although I’m advising myself not to do so. If I do need to trade, it would be a closing position of some kind. There’s a notable drop at the end of the day or in the post-market.


Sneak preview:


It looks like we’ll move out of a decline and open higher.





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