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S&P 500 Forecast for Wednesday, July 29, 2020 Markets

Updated: Aug 1, 2022


50% (3 correct statement out of 6 statement)

Day's Theme - Expectation of trouble and hard times. Extra precautions must be taken to avoid negative results. Repeated attempts to breakout. Volatility around the open. Opportunity at the low around 10am-11am est. Around 11am -12pm est there is a bearish reversal off of a resistance resistance level AND/OR and breakdown through a support level. Between 12pm and 1pm est. it crosses back about the support/resistance level before falling back below it. Some selling around 1pm - 2pm est. A reversal around 2pm -3pm est. Finally between 3pm and the post market there will be a break out through resistance.

1-Day High - Between 2pm and the postmarket.

1-Day Low - between the post market and 11am est. Marks and opportunity.

Planned Trades - opportunity window at between the open and 11am est. I will likely open long positions but TBD.


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