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S&P 500 Forecast for Thursday, July 30, 2020 Markets

Updated: Aug 1, 2022

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


Day's Theme - Volatile / choppy session. Down at the open Followed by a full or almost full retracement back up to the levels where that premarket decline started. Brief sideways movement around 10am -11am followed by a significant move higher around 10:30am - 12pm est. Some sideways motion in the afternoon followed by a strong decline through the last 1-1 hours of trading. The decline may highlight a leader of some kind.) The early move higher was significant enough that the market still finishes up AND/OR close to even.

In the bottom right quadrant of the photo below I have sketched a rough outline of what today's chart might look like.

1-Day High - between 1:30pm and the close.

1-Day Low - Premarket AND/OR within the last hour of trading.

Planned Trades - Hedge long positions between 1pm - 2pm.




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