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S&P 500 Forecast for Monday, December 13, 2021

Updated: Oct 3, 2022

Theme:

Sharp decline through an important support level.

Around the High:

Revisiting of a price level through a U-shaped dip. Ace of Cups energy.

Around the Low:

Also Ace of Cups energy. A big move higher out of a decline.

Overview:

There will be an intentional fake out this day. There is correlation to a sharp decline and quite a bit of volatility, the power card is in this reading. There is a correlation to a day’s high or crest and Congress will be highlighted in the pre-market. This could be an agreement between two parties that affects the masses. There is back and forth fluidity in the pre-market, which is probably bumping along a resistance level. There is an opportunity at this level around the open. There is a sharp decline from that level. Between 10am and 11am there is some back and forth sideways volatility. An important support level is highlighted around 11am and noonish. The Power card is correlated to a trade opportunity. This will be a sharp dip within volatility combined with a U-shaped dip. I am advised to trade around this opportunity. There will be a high and a low in there as well.

Between roughly noon and 1pm there is even more notable volatility compared to the rest of the day. An important day’s high or crest is highlighted there, as well as a very sharp decline. Starting around 12:35pm there is a rally, and the trade is within the next half hour. A peak or crest is formed, we dip, and then there is a powerful move out and we return to where we fell from. This is all between 12:30pm and 2pm-ish. There is a rally off of support between 2pm and 3pm, and another U-shaped dip to a day’s low correlator in the last hour of trading. This was because of a surprise failure. We have a flight to safety right around the close. It looks like we have another U-shaped dip in the post-market with a high and low correlator in there. The Devil card is highlighted within a lot of this volatility.