Month’s Theme: A near overbought crest that we’ll sell off from pretty notably. That’s crossed with a big move to the upside reaching for distant resistance.
Behavior Around the High: An overbought peak that we’ll sell off from through multiple support levels.
Behavior Around the Low: A sharp drop in the midst of volatility that will take us to the low.
Overview
On the 2nd, there’s an important price level and the most probable location of a highest high. We’ll then probably decline into the 3rd. On the 3rd, there’s sideways rotation establishing support and a big move higher at the end of the day. There’s a gap down overnight. On the 4th, there’s another big move higher. On the 5th, there’s a lot of price change to the downside and an important support level highlighted. On the 6th, there’s a big move to the upside early in the morning followed by a decline through multiple support levels into a trough at the end of the day.
On the 9th, there’s a failed attempt to break through key resistance followed by a decline through key support. There’s an important support level highlighted on the 10th. There’s quite a bit of volatility on the 11th. On the 12th, there’s a trough early in the day followed by a big move higher and a peak or crest at the end of the day. There’s a gap down overnight. On the 13th, there’s a sharp drop within a period of sideways rotation.
On the 16th, there’s a notable decline and a speaker at the end of the day. Whatever is being said shouldn’t be trusted or relied upon. On the 17th, we’ll likely open higher at a crest or peak and sell off pretty notably into a trough at the end of the day. We’ll most likely have a lowest low on the cusp of the 17th/18th. There’s a lot of mixed behavior on the 18th. On the 19th, there’s a failed attempt to break through key resistance and a decline through key support. On the 20th, there’s erratic behavior back and forth through the same price level and a crest that’s revisited.
On the 23rd, we’ll probably open to the upside and then decline pretty notably through multiple support levels. On the 24th, there’s a notable reversal and an important peak or crest midday. On the 25th, we’ll decline. On the 26th, there’s sideways rotation along key support on a multi-day scale. On the 27th, there’s a sideways-fluctuating rally that precedes a decline.
On the 30th, there’s a big move to the upside and an important range highlighted. I’m advised to be cautious on the 31st.
Sneak Preview
A big move from the bottom of a range to the top of a range.
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