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S&P 500 Forecast for Thursday, September 24, 2020

Updated: Aug 7, 2022

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% ( correct statements out of statements.)


Day's Theme - Bouncing along resistance in the premarket. A rally AND/OR breakout coming out of the open until roughly 10:30am est. Between roughly 10:30am and 11am est. there is a notable decline to a support level. From that decline there is sideways movement bouncing around support with volume gradually diminishing until roughly 1:30pm est. There is a retest of a key support level between roughly 1pm and 3pm est. A breakdown through support as we enter the close.

1-Day High - Between the premarket and 11am est. A notable rally AND/OR gap up to form the high.

1-Day Low - two significant declines down to the day's low which forms between 1pm and the post market. Congress is connected to the low.

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


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"China Retail Sales Value YoY" "Reopening America"
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Production of new gasoline cars to be banned in CA by 2035. SSP
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AAPL
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"XAU BGN Curncy"
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"Nasdaq composite"
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"SXXP Index" ORCL, WMT
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Due to risk of covid college enrollments have declined.
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ESYJY
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Increases in protests as a result of the shocking ruling in the Breonna Taylor case.
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"SXXP Index" Tesla taking legal action due to China tarriffs.
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Conflict arising between companies regarding policies on app store. AAPL, SPOT,EPOR
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"U.S. 10-year yield" Democrats begin to prepare a smaller aid package.
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SPX "5-Yr treasury minus inflation rate"
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PTON, DOCU, ZM
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TSLA
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"Tubrllwl Index"
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South Korea and Japan are working to resolve conflict. Madrid encounters resistance concerning partial lockdown.
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"Equity Index"
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