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S&P 500 Forecast for Tuesday, September 7, 2021

Updated: Oct 3, 2022

Performed by Kapproveb on September 2nd, 2021

Theme:

That of bullish rotation, although we have no correlation to any of the timeline cards.

Overview:

There may be some positive economic data that is highlighted. A female ruler or something relating to the environment is highlighted in the pre-market. This is at trade opportunity, as well as a low for the day. Around the open, we have a sharp move higher that indicates the end of a period of volatility. The first crest or peak is near the open, and it is followed by a very deep low. This is all retraced within the first half hour.

The high for the day will form after a U-shaped dip that turns into a sharp move higher. It comes about as a result of a piece of news. However, the Ace of Wands indicates that we come right back down from that high around noon. At this time, we have the Oppression card, and some sort of resistance level and sell down off of that high. The sell here is very significant, which may be why the Theme card, the Three of Disks, is nullified by not having any correlations. We come to a very deep low, even a little lower than the one we experienced around 9:40am.

Then there is a pop higher, which will travel along a diagonal support level and breach resistance to meet another, before pulling back. Then, there is a very strong decline into the close and an unexpected failure. The low will form after three attempts, or pokes, through the same resistance level, and a sharp decline following the third poke. There is opportunity to take profits, possibly on the downside.

Looking to Tomorrow:

The Sneak Preview card for tomorrow shows that we have either the same high or a higher high than that of today.