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S&P 500 Daily Forecast for Thursday, June 4, 2020

Updated: Aug 1, 2022

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90% Accuracy (9 correct statements out of 10)


Day's Theme - A new high for the week. Rallying in the pre-market AND/OR open's close to even. Selling off of a high between the open and 10:15am est. Meets and hangs out near support AND/OR the day's low between 10am - 11am est. A reversal off of support/resistance takes place between 11am and 12pm est. The day's high AND/OR a new high for the week is reached between 12pm and 1pm est. as resistance is breached temporarily. Selling off the high and back down through the support/resistance level takes place between 1pm and 2pm est. From 2pm - the close, there is some fluctuation in direction AND/OR and notable rally into the close. The end day rally doesn't not exceed the level reached at mid-day. Decline in the post-market.

1-Day High - First high forms between the Open and 10am est. The second high takes place between 12pm and 1:15pm est. Selling off both highs is related to bad news.

1-Day Low - forms between 10am - 11am est. A financial authority is involved in the low.

Planned Trades - Opportunity to close some positions for a profit tomorrow.

TBD.





#OpenCard2ofSwords =approximately even.

but selling off of it.

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