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S&P 500 Forecast for Thursday, October 21, 2021

Updated: Oct 3, 2022

Theme:

The Adjustment card, which is a big push to the upside.

Behaviors and Opportunities:

There is also the Unicursal Hexagram, so I am going to say that the short positions early in the post-market are probably a really good trade opportunity. There is some bullish behavior around the high and the low is due to a sell off from a high.

Overview:

In the pre-market there is an opportunity to open a short position. Then we have some bullish rotation around the open. From 9:30am-10:00am there is some back and forth behavior with an upward skew to it. Then we should have some sort of drop between 10:00am-11:00am. There is a notable bottom somewhere in this time frame as well. We have a pop back up around 11:00am-12:00pm, which will breakthrough a resistance level for just a moment and then breakdown through that same price level.

The Prudence card appears midday, between noon and 1:00pm, indicating a false high or low, maybe more than one. There’s a decline somewhere around 1:00pm-1:15pm, and there will be a high for the day between 1:00pm-3:00pm, most likely in the later part of that time frame. There is an opportunity to cash in or roll positions. It looks like we may come toward the upper end of the month’s range in the last hour of trading with the theme correlator crossed with the Oppression card. Right around the close there’s a courageous rally out of a decline. Then we have the Indolence card in the post-market, which indicates to me that the high is short lived.

Looking to Tomorrow:

The Preview card is the Luxury Card, which usually speaks of a decline off of some sort of peak.