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S&P 500 Forecast for Friday, April 30, 2021

Updated: Aug 8, 2022

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92% (11 correct statements out of 12 statements.)

A new situation or significant change causing excitement enthusiasm and often impulsivity takes center stage today. The overall behavior of the S&P 500 for the day is that of a sudden fast big move higher transitioning into volatile sideways movement. Right around the open an economic leader provides support suggesting prosperity and bullish rotation as a significant move higher is exhibited. From the open through roughly 10:00 AM a critical choice with life altering implications [between 2 entities] AND/OR [between 2 leaders] is the highlight and the S&P remains in a holding pattern until a definitive choice is made. Between roughly 10:00 AM and 11:00 AM the first trough or low for the day forms right around the time that a male leader is highlighted. From roughly 11:00 AM to 12:00 PM there's a turn for the worse and a significant decline transpires as investors expect the situation to worsen. That sharp decline transitions into a period of bullish market rotation containing within it a sharp dip. From between roughly 12:00 PM and 1:00 PM, as investors consolidate and rebalance before an expansion, another low or trough is formed between 12:00 PM and 1:00 PM. The trough is marked by notable sideways fluctuation and a delay in money is also highlighted at this time. Between roughly 1:00 PM and 2:00 PM I am presented with an opportunity to take a balanced strategy through the opening and closing of positions [hedging] AND/OR [certain options spreads]. At this time a day's crest or high forms within a period of bullish rotation. Between 2 PM and 3:00 PM that bullish rotation transitions into a powerful move higher on huge volume. Extreme greed and the absence of reason on the street is exhibited at this time. Within the last hour another high slash crest is formed when the S&P 500 breaks through a resistance line to form a peak before falling back below the same line. [Money through business] AND/OR [an economic partnership] AND/OR [a merger and acquisition] are highlighted in the last hour of trading. In the post market determined bulls push a strong rally out of a notable decline.