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S&P 500 Forecast for Friday, October 9, 2020

Updated: Aug 8, 2022


Day's Theme - The full story is not known. There is some secret afoot and a woman plays a prominent roll in the matter. In the post market there is selling off of a high and continues through the open breaking down through at least one support level. Between roughly 10am and 11am est. there is a reversal off of a low. This is followed by a rally that through 12pm and breaks out through at least one resistance level. From roughly 12pm to 1pm there is some sideways bouncing along support/resistance AND/or a temporary breakdown through at least one support level. Another rally back through the same support/resistance level around 1pm - 2pm est. Selling back down through at least on support level through the close and reaches another low at or after the close. At the post market low there is more rallying in the face of overwhelming opposition.

1-Day High - midday around 12pm -1pm est. Midday rotation will indicate the high.

1-Day Low - Multiple lows. The lows offer opportunity. A low between premarket and 11am est. AND/OR between 3pm and the post market.

Planned Trades - I've been advised not to place trades today.


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