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S&P 500 Forecast for Friday, August 7, 2020 Real Money Trade in Review

Updated: Aug 1, 2022


100% Accuracy (11 correct statements out of 11 statements.)

Day's Theme - Gap down in the premarket with a reversal at support. Rally through the open. Sideways movement AND/OR upwards misdirection out of the open. A significant move higher from 9:30am - 11:00am est. Pivot point around 10am to 11:15am est. A significant midday decline down to support around noon time. A rally off of the support AND/OR to resistance from roughly 1pm through the close, *even in the face of overwhelming economic troubles. A significant move higher around the close. Finishes around a prominent support/resistance level from which it is likely to reverse off of overnight.

1-Day High - between the open and 10:45am est.

1-Day Low - in the premarket AND/OR between 11am and 1:30pm est. AND/OR around the close. A global issue is highlighted.

Planned Trades - no trade windows foreseen which I generally interpret as an indication to hold my positions (not place any trades.) If I do see an good opportunity around 1pm-2pm I may choose to place trades. TBA.

#MoonEntersAries @9:05am est.

#VenusEntersCancer @11:21am est.


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