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S&P 500 Forecast for Monday, August 3, 2020 in Review

Updated: Aug 1, 2022


66% Accuracy. (4 correct statements out of 6 statements.) Basically my timing was off but the sequence of events was accurate.

Day's Theme - The Senate is highlighted in the premarket. Gap down OR decline at the open. Sideways movement in the early morning session AND/OR a retracement of the earlier rally back to the low. An opportunity at the midday low around 11am to 1pm est.

1-Day High - Around the first 30 minutes of trading AND/OR around the last hour of trading.

1-Day Low - Around 12pm - 1pm est. AND/OR around the close. The low will form after a breakdown through multiple support levels (my guess is this happens through a premarket gap.)

Planned Trades - Opportunity window around 11am -1pm. I will likely close some near expiration puts in the window but that could change.


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