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S&P 500 Forecast for Monday, July 6, 2020 Markets

Updated: Aug 1, 2022


100% (3 correct statements out of 3 statements)

Day's Theme - Money moving to conservative investments. This is not a time to gamble. Caution. Preparing for risk-off. Re-evaluating. Many indicators intersect. Gap down at the open AND/OR misdirection in the pre-market. Trade window around the open. Closes off the high. Opportunity window in the postmarket.

1-Day High - Sharp climb to an afternoon high that forms between roughly 12pm and 3:30pm est.

1-Day Low - Early morning low. Roughly between the day's open and 12pm est. There will be a big move higher off of AND/OR big move to the low.

Planned Trades -

At the open:

1) Close profitable June 6th ITM Puts that are profitable.

2) Roll June 6th OTM Puts to July '20 exp (July-17th) at least.

3) Roll June 8th Puts.

4) Double down on OTM worthless calls (not expiring today** to avoid a day trade).

5) Buy calls that expire in late August.

Around the days high:

6) Sell any profitable calls expiring today or wednesday.

7) Roll remaining calls.

8) Double down on OTM puts.

9) Buy TZA.

10) Protect any long equity positions AND/OR take some profits off the long side.

11) Using the calls bought today, create strangle AND/OR straddle.

#MoonEntersAquarius @6:08am est.


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