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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.




 

"China Retail Sales Value YoY" "Reopening America"
Production of new gasoline cars to be banned in CA by 2035. SSP
AAPL
"XAU BGN Curncy"
"Nasdaq composite"
"SXXP Index" ORCL, WMT
Due to risk of covid college enrollments have declined.
ESYJY
Increases in protests as a result of the shocking ruling in the Breonna Taylor case.

"SXXP Index" Tesla taking legal action due to China tarriffs.
Conflict arising between companies regarding policies on app store. AAPL, SPOT,EPOR
"U.S. 10-year yield" Democrats begin to prepare a smaller aid package.
SPX "5-Yr treasury minus inflation rate"
PTON, DOCU, ZM
TSLA
"Tubrllwl Index"

South Korea and Japan are working to resolve conflict. Madrid encounters resistance concerning partial lockdown.
"Equity Index"


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