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June 28th, 2023 S&P 500 Predictions and Trades

Updated: Jun 5, 2023



  • Day’s Theme: A prominent move higher standing out on a multi-day chart where we push the upper end of a range higher on a multi-day chart.


  • Behavior Around the High: Behavior is nullified or made irrelevant.


  • Behavior Around the Low: A move higher through resistance where we’ll stay briefly and then break back down through the same price level.


  • Exclusive Trade Opportunities for Subscribers:

    • I’m advised to trade around an important range on a multi-day scale.



Overview


On June 28th, I’m advised to be cautious in the pre-market. Right around the open, there’s a notable move to the downside through multiple support levels. There’s a trade opportunity there. There’s a pop and drop or some sort of holding pattern between roughly 10:00 a.m. and 11:00 a.m. and then we establish support on a one-day scale. That’s followed by a prominent move higher standing out on a one-day chart and the establishment of support at a higher level between roughly 11:00 a.m. and noon.


There’s a sideways-fluctuating rally preceding a decline midday. That takes us into a trough or a low early or mid-afternoon. There’s a significant move to the upside to revisit a crest that was recently a passed opportunity in the last hour. We’ll revisit an important technical price level on at least a one-month scale at the end of the day.



Sneak Preview


On June 29th, we’ll open lower with a U-shaped dip that forms near the intersection of two perpendicular diagonal trend lines.




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