before we see the expected pattern for tomorrow, let’s look how the prediction for today worked out:
We had the following expectation for today as posted yesterday:
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.
And here is how the chart looks at closing bell:
Trading pattern forecast for Wednesday, April 17th
Trading pattern for tomorrow Wednesday, April 17th is the one starting with an early high, decline into 10:30 / 11 am followed by an all day rally into closing bell… Tend to be a strong day relative to the opening price.
Remember your Stopp Loss! ;o
Some examples with same pattern: