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S&P 500 Forecast for Thursday, April 15, 2021

Updated: Aug 8, 2022

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100% (11 correct statements out of 11 statements.)

The S&P 500 theme for the day is “luck in finding deals..” The overall behavior of the market is mixed. An early decline to a support level is followed by a reversal off of support and then a rally back to another reversal off of a resistance level. From the reversal off of resistance there is a decline back to the aforementioned support level. In the premarket a male economic leader provides encouragement that suggests economic prosperity and a bullish rotation moving notably higher is exhibited. A high forms right around the open providing me with an opportunity to take some profits AND/OR for me to open credit spreads. I further advise myself to focus on new and future opportunities rather that dwelling on past memories and to trade around a big move higher. Mixed sideways and/or slightly bullish mixed sideways behavior out of the open contains with in it a “revisiting” of a past opportunity. Suddenly events move swiftly exhibited by a notable move higher between roughly 10am and 11am est. Policy changes/amendments/litigations AND/OR a male ruler of nations is highlighted between roughly 11am and 1pm est while a bearish rotation significantly increases in volatility transpires. From this period of increasing volatility a move higher pierces a resistance level between roughly 1pm and 2pm est. This move up through the resistance level is shortly followed by a drop back down through the same support/resistance level resulting in the early afternoon peak. I am expecting the unexpected/improbable to happen between roughly 2pm and 3pm est. Unexpected failure causes a mixed sideways decline in the last hour of trading. Right around the close there is an opportunity for me to open protection AND/OR an opportunity for me to sell short. In the post market a necessary and permanent change creates a pivot point AND/OR creates the bottom of a trough which reflects the ending of a cycle/trend.