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S&P 500 Forecast for Thursday, September 30, 2021

Updated: Oct 3, 2022

Theme:

Dominion card. Fight between bears and bulls, up and down, inflow and outflow, risk on and risk off. Crossed with the Unicursal Hexagram, which says that it is a very significant day. This either marks the peak before a sharp decline or marks the sharp decline. Probably both.

This whole week is looking ugly in the pre-market. We have the establishment of support and a peak around the open and 10:00am. This peak is created by a sudden, unexpected reversal, a big move to the upside between 10:00am and 11:00am. Probably around 10:15am. We have a sharp move to the downside between 11:00am and noon, as well as between noon and 1:00pm. There is news that comes out at noon that impacts the decline.

Around 1:15pm there will be a turnaround off of support that is bounced around, moving higher. This will take us to the day’s high, which will be higher than any previous day’s highs. This sharp move to the upside will be cancelled out by some sort of decline. Here is the back-and-forth movement between the bulls and the bears.

Looking to Tomorrow:

A very bearish card and a decline through notable support levels. We have a day’s low between 1:00pm and 2:00pm and a failed attempt to break resistance and/or a breakdown through multiple support levels. In the post-market and right around the close there is a sudden, notable move higher within a period of volatility.