SPX – Expected trading pattern for Tuesday, April 23th


Let’s first recap today’s chart and compare to the predicted pattern:

Monday pattern is the one with an early high at around 10 am, selling until around 10:30 followed by a rally until around 11:30 / 12pm. 
During the afternoon could be mixed with lower prices but also rallies until 3pm, last hour trading is characterized by sell pressure.  

Green part of the prediction turned out to be right while in the last hour trading we have seen that bulls was in charge.
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Expected trading pattern for Tuesday, April 23th

Tomorrow pattern is expected to be the one with an early high and a late low.
Tend to be often (not always) a weak day and tomorrow can be a sell off day. I expect a sell-off to a low at 2pm, rally to a high at around 3pm and new decline to a low into closing bell.

Some actual examples:


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