*Accuracy rating update: 100% or 13/13 predictions correct*
Theme:
A male ruler of nations is highlighted but somehow nullified. Behavior around the high is also nullified, but we’ll see a notable decline through multiple support levels from the high. I’m also advised to open up protection around the high. Around the low, there’s going to be a notable move to the upside on a one-day chart that will come as a surprise due to multiple headwinds pushing the S&P 500 lower.
Overview:
In the pre-market on September 30, 2022, we’ll see a rally that increases with momentum as we move forward into the open. Right around the open, there’s a notable decline on a one-day chart due to some sort of global issue. Out of that decline in the first half hour we’ll see the beginning of a rally. The rally moves into a minor crest around 10:00 a.m. That's followed by a move higher out of oversold territory into 11:00 a.m. There’s a lot of volatility around the 10:30 a.m. to 11:00 a.m. hour. The rally continues into the 12:00 p.m. hour and continues to pick up steam. This offers an opportunity to open up a short position here to protect against long positions. Between roughly 12:00 p.m. and 2:00 p.m., there’s a failed attempt to break through key resistance followed by a notable decline through a key support level on a one-day chart to meet another day’s low.
I’m advised to be cautious between the hours of 2:00 p.m. and 3:00 p.m. due to the possibility of multiple false lows or a false reversal. In the last hour, we rotate sideways along support with equal amounts of bulls and bears trading. There’s some erratic behavior around the close where we go back and forth through the same price level. We may revisit a minor crest there that was a recent past opportunity. It looks like we have a low either in the post-market or overnight.
Sneak preview:
It looks like we open lower. There’s also multiple failed attempts to break through key resistance.
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