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S&P 500 Forecast for Friday, August 14, 2020

Updated: Aug 1, 2022


83% Accuracy (7.5 correct statements out of 9 statements.)

Day's Theme - Misdirection in the premarket AND/OR a gap down with a rally from the premarket through roughly 9:45am. A strong decline from roughly 9:45am through 12pm. Between 11am and 12:30pm est. there will be an opportunity to open long positions & close short positions. Some rotation into new positions takes place between 12pm and 1pm est. A prominent rally commences around 1pm est. and continues until around the close. Within the last hour of trading the market bumps up against a support/resistance level which it bounces along through the close. More sideways movement AND/OR wild swings in the postmarket. Finishes significantly higher.

1-Day High -Within the first half hour of trading AND/OR between 2pm and the close.

1-Day Low - Undetermined. (*******my guess is between 10:45am and 1pm est.)

Planned Trades - TBD.

#MoonEntersCancer @7:35pm est.

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