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S&P 500 Daily Forecast for Tuesday, May 12, 2020

Updated: Jul 25, 2022

Day's Theme - Venus Station Retrograde. Sideways movement. Wild swings in the first hour of trading. Wide margin between the day's high and low. It may indicate multiple reversals. Rotation. Rebalancing. Temporary hardship. Bad news having to do with unemployment or heavy debt. A costly illness may be involved. Reconsidering investments that were previously rejected.

1-Day High - will form between the open and 10am est. AND/OR between 12pm est. and 1pm est. AND/OR between 2pm est. and the post market. There will be a significant move to AND/OR off of the day's high.

1-Day Low - will form between the pre-market and 11:30am est.

Planned Trades - at the open I will buy back my Short Calls for a profit, creating a Long Call position. I will also sell short puts against the long puts I am currently holding thus creating a Long Vertical Put Spread (or diagonal TBD.) Possibly more trades as I continue my research and preparation for Wednesday.

#MoonVoidOfCourse @6:30am est.

#MoonTrineMercury @3:07pm est.

#MercuryTrineSaturn @4:14pm est.

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