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S&P 500 Forecast for Monday, April 26, 2021

Updated: Aug 8, 2022

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89% (8 correct statements out of 9 statements.)

Bad news that produces temporary financial crisis, unemployment, or heavy debt are the highlights today. The S&P 500’s overall behavior for today is sideways bearish rotation which transitions in significantly wild swings as the day progresses. In the premarket there is a strong decline. Behavior right around the open will [falsely indicate direction by making a big move counter to the true trend ] AND/OR [falsely trigger an indicator.] I advise myself to remain temperate and treat this prominent move as a “counter-to-trend indicator.” The improbable happens while the S&P 500 moves out of the open and into 10am est. Between roughly 10am through 11am a confusion fueled panic causes a notable decline. Between roughly 11am and 12pm this notable decline transitions into bearish price swings in which [a noteworthy peak] AND/OR [a high] is formed. Between approximately 11am and 1pm a judiciary or business leader making an impactful decision is highlighted. From around 12pm through 1pm a notable decline becomes a significant rally that eventually reaches the same levels as that of the earlier crest. This rally becomes another decline; this time breaking down through a support level after testing resistance twice before bouncing along the next support level and then breaking down through more support lines. From this breakdown, wild swings are exhibited between around 2pm through the post market. At least one sharp decline through support level(s) followed by at least one big move upward transpires between 2pm and the post-market. Tomorrow presents me with a low around the same level as today’s low OR a lower low than that of today. Free members of www.TarotForTraders read today’s prediction on Friday April 23rd. ***We become www.TheInvestorsProphet.com on May 11th!***