S&P 500 Forecast for Friday, November 19, 2021

Theme:

The Disappointment card, so there will be an unexpected failure. However, it is nullified. We have a high correlator for a local high in the one-month overview for the day, as well.

Overview:

We have some fluctuation in the pre-market, with a possible slight downward trajectory. Right around the open, we have a move higher through a resistance level for a brief peak before we drop down through that same price level again. There is a notable decline in the first half hour, followed by a pop to the upside before 11:00am. From 11:00am to noon there is a high correlator and back and forth sideways volatility. There is a trade opportunity along a resistance level that forms at the high. There is a high midday, around 12:30pm.

This is where we bump through and test a resistance level, we fail, and then we decline. There is a peak before this, and the decline is around 1:00pm to 2:00pm. We have some back-and-forth volatility with another high correlator, and the low in there as well. The low is roughly around 2:15pm. In the last hour, off of another trough, we have a notable push to the upside, which finishes with another high or peak for the day. There is a sharp decline through multiple support levels around the close, and then a move higher in the post-market.

Looking to Tomorrow:

The Hanged Man, which is a notable decline through support, very bearish.

#5ofCups

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#MercuryInScorpio #MercuryDirect #MercuryDirectInScorpio

#VenusInCapricorn #VenusDirect #VenusDirectInCapricorn

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#UranusInTaurus #UranusRetrograde #UranusRetrogradeInTaurus

#PlutoInCapricorn #PlutoDirect #PlutoDirectInCapricorn

#ChironRetrograde #ChironInAries #ChironRetrogradeInAries

#VenusCapricornTrineUranusTaurus @1:08am est.

#MoonTaurusOppositionSunScorpio @3:57am est.

#MoonEntersGemini @9:33am est.

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