Month’s theme: Some significant fluctuations that will stand out on a one-year chart. There’s a notable fake out or shake out at the high.
Behavior around the high: Price swings around the high. We’ll go from a resistance level in a channel back down to a support level and then back up to resistance.
Behavior around the low: Two trade opportunities that will stand out on a one-year chart around the low.
Overview
Week One (1/1-1/7)
On January 1st, there’s a rally that increases with momentum moving forward into the day. On the 2nd, congress is highlighted. There may be a holding pattern and a pop and drop as well. It’s likely the lowest low for the month is on the 2nd. At the end of the day or overnight on the 2nd, there’s a notable move to the upside into a crest. Off of that crest, we’ll decline into a new local low on the 3rd. On the 4th, we’ll rally toward the end of the day and bump up against resistance. There’s a halting of a bullish trend marked by a sharp decline at some point between the 4th and the 6th. We’ll move higher at the end of the day on the 5th and gap down overnight into a prominent trough for the month. There’s a notable move higher successfully turning resistance into new support. On the 7th, we’ll have sideways fluctuations with a bullish trend that precede a decline.
Week Two (1/8-1/14)
There’s a decline at the end of the day on the 7th or early in the day on the 8th. At the end of the day on the 8th or early on the 9th, there’s a fast, sudden move higher marking the end of that period of decline. There’s a notable rally toward the end of the day on the 9th or into the morning on the 10th. We’ll then decline and create another prominent trough on the 10th. We’ll open higher on the 11th and then have some bearish price swings followed by a sharp drop that will stand out on a one-month chart. On the 12th, there’s a notable move higher from the bottom of a range to the top of a range. I’m advised to be cautious midday around the high on the 12th. On the 13th, there’s a notable move higher out of oversold territory or to fill a previous gap down. We’ll likely gap down overnight and there’s a notable move higher off of a support level on the 14th.
Week Three (1/15-1/21)
On the 15th, we’ll sell off considerably from an overbought crest. That decline will take us to another prominent trough or low on the 16th. On the 17th, I’m advised to be very cautious due to multiple false tops. On the 18th, we’ll sell down from near overbought territory. On the 19th, there’s a merger or a decision between two leaders that’s highlighted. There’s also a holding pattern and price fluctuations on the 19th. On the 20th, we’ll have a notable move down to a lowest low either overnight or during the day on the 20th. On the 21st, we’ll gap up overnight and then decline again through multiple support levels and create another prominent low.
Week Four (1/22-1/28)
There’s a trade opportunity on the 22nd in the midst of a U-shaped dip that forms near the intersection of two perpendicular trend lines. On the 23rd, there’s a crest either midday or at the end of the day that’s easily missed, followed by a decline through multiple support levels. There’s a high probability that the 24th is one of the month’s highest highs. There’s also some sideways fluctuation along key support. On the 25th, we’ll likely open up lower but there’s a notable move higher off of support. There’s a notable day’s low at a prominent trough at the end of the day on the 25th. On the 26th, there’s an unexpected failed attempt to break through key resistance followed by a decline through key support. We’ll continue to decline either overnight or into the beginning of the day on the 27th. I’m advised to be cautious midday at a low. It looks like we’ll have a significant move higher toward the end of the day. On the 28th, we’ll have another prominent low for the month and three crisscrosses back and forth through the same price level confirming a bullish trend. At the end of the day at a crest or peak, there’s an important speech or speaker highlighted, however I’m advised to be aware of intentional deception.
Week Five (1/29-1/31)
We’re bound by the upper end of a range on the 29th. On the 30th, we’ll revisit a past support level. There’s a high probability that there’s a prominent high on the 30th. On the 31st, we’ll have another prominent low for the month. A male leader of nations is highlighted and there may be an establishment of an important support level on the 31st.
Sneak Preview
In February, it looks like we’ll have a full retracement of a move higher.
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