S&P 500 Predictions for November 10, 2023 (Early Access Public)

Day’s Theme: A bit of sideways rotation and a sharp drop within a period of volatility.

Behavior Around the High: A notable opportunity on a one-month scale.

Behavior Around the Low: An opportunity and a sideways-fluctuating decline into the low.

Exclusive Trade Opportunities for Subscribers:
- An opportunity to close a short position midday after a sharp drop into the low.

Overview

In the pre-market, there’s a decline to revisit a support level. There’s some tricky chart behavior. We’ll decline into the open and have a sideways-fluctuating rally in the first half hour. We’ll move into a peak at 11:00 and have an opportunity to close a short position midday after a sharp drop into the low. Between 1:00 and 2:00, there’s a rally into key resistance and then we’ll decline with consecutively lower spikes up on the way down. Between roughly 2:00 and 3:00, we’ll have a rally along a diagonal trend line where we’ll break through horizontal resistance to meet a secondary resistance before pulling back to somewhere between those two price levels. There’s an important price level at a high in the last hour. There’s a fast, sudden move higher and then a move to the downside into the close.

Sneak Preview

We’ll likely open higher.