End of trading summary for today, Monday, April 15th:
Pattern prediction for today SPX trading, was as follow:
“The chart patterns shown below are valid for Monday’s SP500 cash session trading, all seems to show an early high and late high, usually a wishy-washy day.My expectation is something more similar to the last chart here below, the one showing an early high followed by a decline to around 1pm and rally to a high at closing bell.The reason for a bearish sentiment is due to sell signals I see on daily chart.”
And here follows today’s chart right after closing bell.
We can see here as predicted, an early high and a late high.
We had also a decline to a low at 12:10 followed to the expected rally into closing bell.
Expected trading pattern for Tuesday, April 16th
Tomorrow we can expect trading to start with a move down to an early low, from 10:30 to 11 am a change in trend that brings the index up to a high around 1pm followed by a move to a low at around 2 or 2:30 pm then a rally to a high at closing bell.
Trade well and put always first your protective Stop Loss! ;o
Following charts represent similar patterns to what we can expect tomorrow: