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S&P 500 Forecast for Wednesday, December 15, 2021

Updated: Oct 3, 2022


Theme:

Rally out of a low that reaches resistance.


Around the High:

Big push to reach the high. Close proximity to the lows.


Around the Low:

Ace of Cups around the lows, which is a U-shaped dip with equidistant moves.


Overview:

Big push to the upside in the pre-market with a trade opportunity right at the open. That is likely within a decline and it is an opportunity to buy some calls. The Indolence card is within the first half hour, and it is a fall from a brief high and the high will not be revisited that day. We probably have a significant decline early on. We have back and forth fluidity and rotation in the first hour. The fluidity is from 10am to 11am, and there is a rally out of a low starting around 11am, pushing higher through resistance until we reach an opportunity to position myself on both sides. This opportunity will be around 1pm to 2pm.


I will probably sell the calls I bought in the big decline around noon, maybe a bit before. There are definitely a lot of headwinds that make you think it is going down. Between 2pm and 3pm there is a crossing back and forth over the same price level three times, confirming a bullish trend. But that is short lived because there is a drop at the end of the day. There is a breakout around the close, but then that breakout breaks down through a diagonal trendline in the post-market.






#AstroOpportunityWindow Begins12/15/21@8:21pm est. Finishes12/16/21@3:43pm est.

#AstroOpportunityWindow Begins12/15/21@8:21pm est. Finishes12/16/21@3:43pm est.




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