Here follows today’s SPX 5 min. chart:
Pattern prediction was as follows:
Tomorrow’s pattern is the one with an early low and a late high.
From the early opening low (does not mean we won’t gap up first) we rally up to a high at around 12 / 12:30 pm.
Then a short rally to a high at 1 / 1:30 pm followed by decline to 2:30 / 3 pm so a rally to higher closing price.
Well… we got that, an early low and a late high (not considering the last 5 min. trading)
SPX chart pattern prediction for Friday, April 26th
Tomorrow pattern is expected to be the one with an early low from where we rally to a wishy-washy midday high followed by a decline to a low around 2:30 / 3:00 pm then a rally into closing bell to a lower high. Occasionally the pattern could be the one from an early low to an all day rally ending at higher high.