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S&P 500 Forecast for Friday, July 31, 2020 Markets

Updated: Aug 1, 2022


83% Accuracy (5 correct statements out of 6 statements.)

Day's Theme - Premarket news regarding relations between two leaders. Decline. Significant opportunity to open short positions at the open. Some volatility out of the open. A decline to the first low of the day takes place from roughly 9:45am - 11am. A sharp rally to a resistance level between 11am and 12:30pm est. A reversal off of resistance level around 12pm - 1pm est. Around 12pm -1:30pm est the day's low is revisited AND/OR a new low for the day is formed.

1-Day High - between premarket and 10am est. Agreement/relationship between two powerful leaders (likely Trump and Xi) is highlighted.

1-Day Low - between 11am and 2pm est. AND/OR around the close.

Planned Trades - Significant trade window from premarket through 9:45am est. AND/OR significant trade window around the close.


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