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S&P 500 Forecast for Monday, August 17, 2020 Markets

Updated: Aug 1, 2022


%100 Accuracy (9 correct statements out of 9 statements.)

Day's Theme - Rotation into long-term plays. Gap up. Opens higher than previous close. Rallys out of the open through 11am est. From 11am to 12pm est. there is more movement higher off of a low AND/OR some price swings. At midday there is some retracement of the move higher. Day's high is between 12:45pm and 3:15pm est. Finishes higher. New high in the postmarket AND/OR a decline after a high in the postmarket.

1-Day High - between roughly 12:45pm and 3:15pm est. AND/OR in the postmarket. There is a strong move to the upside to reach the day's high at a resistance level.

1-Day Low - between roughly 11am and 12:15pm est. There will be a notable move to the low AND/OR a notable move off of the low.

Planned Trades - Trade window at a high between 12:30pm and 2:45 pm.

#MoonEnterLeo @1:38am est.

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