top of page

September 22, 2022 S&P 500 Predictions (RATED)

Updated: Nov 30, 2022

*Accuracy rating update: 100% or 18/18 predictions correct*




Theme:


A prominent move to the upside with a full retracement back down. Near the high, there’s a brief trading opportunity. Around the low, we’ll see erratic, back and forth movement through the same price level. We will revisit a crest in the midst of that erratic behavior. I’m advised to trade within a period of volatility with a sharp dip within that volatility.


Overview:


On September 22, 2022, we open up lower in the pre-market. There’s a move to the upside followed by a retracement of that move. There’s also a trade opportunity in the pre-market, likely right around open. We have an important resistance level that’s highlighted right around the open. In the first half hour, we have sideways rotation along support that increases with bullish sentiment and momentum moving into the 11:00 a.m. hour. Between roughly 10:00 a.m. and noon, there’s a key resistance level highlighted that we may break through momentarily. From that resistance level, we break down with consecutively lower spikes up on the way down. Those spikes will meet moving averages as resistance. Between roughly noon and 1:00 p.m., there’s going to be a period of volatility that ends with a fast, sudden move to the upside. Around 1:00 p.m. to 2:00 p.m., we have a rally along a diagonal trend line that ends with a fast, sudden move higher and then a breakdown through that diagonal trend line increasing in volatility as we move forward into 2:00 p.m.


Around 2:00 p.m., we may have a prominent crest. Between roughly 2:00 p.m. and 3:30 p.m., we’ll see sideways bullish price swings. A decline begins around 3:00 p.m. or 3:30 p.m. We revisit a support level that was recently a past opportunity in the last half hour. This will occur when we have a sharp dip with a period of sideways rotation. Right at the close, there’s an opportunity to take profit at a crest near overbought territory on the RSI. In the post-market we decline. There's something to do with some sort of agreement or decision between two leaders.


Sneak preview:


Congress is highlighted. We open roughly around the same level.





11 views0 comments

Comentarios


bottom of page