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

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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.

#SunInLeo

#MoonInPisces #3rdQuarterMoon #3rdQuarterInPisces #MoonInAries #3rdQuarterMoonInAries

#MercuryInLeo #MercuryDirect #MercuryDirectInLeo

#VenusInGemini #VenusDirectInGemini #VenusInCancer #VenusDirect #VenusDirectInCancer

#MarsInAries #MarsDirect #MarsDirectInAries

#JupiterInCapricorn #JupiterRetrograde #JupiterRetrogradeInCapricorn

#SaturnInCapricorn #SaturnRetrograde #SaturnRetrogradeInCapricorn

#UranusInTaurus #UranusDirect #UranusDirectInTaurus

#NeptuneInPisces #NeptuneRetrograde #NeptuneRetrogradeInPisces

#PlutoInCapricorn #PlutoRetrograde #PlutoRetrogradeInCapricorn

#ChironDirect #ChironInAries #ChironDirectInAries

#MoonPiscesSextileSaturnCapricorn @3:53am est.

#MoonPiscesSquareVenusGemini @8:53am est.

#MoonEntersAries @9:05am est.

#VenusEntersCancer @11:21am est.

#MoonAriesTrineMercuryLeo @8:12pm est.

#GapDown

#OpenDown

#CloseUp

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#August

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#ThemeOfDayCardPrincessOfWands

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#CloseCardPrinceOfSwords

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