S&P 500 Forecast for Wednesday, September 9, 2020
- Kapproveb Alcyone
- Sep 4, 2020
- 1 min read
Updated: Aug 1, 2022
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% ( correct statements out of statements.)
Day's Theme - Courageous rally off a low. Senate may be highlighted in the premarket. A significant gap down AND/OR significant decline at the open. Finds support before 10am est. There is a drop followed by a retracement from roughly 9:45am through 11:15am est. A new low followed by a trend reversal AND/OR a new low followed by sideways price action between roughly 10:45am and 12:30pm est. More rotation/sideways movement bouncing around a support/resistance line until roughly 2pm est. A new low followed by a notable move higher. More selling off of a peak into the close. Decline AND/OR volatility in the postmarket.
1-Day High - In the pre-market AND/OR around the last two hours of trading.
1-Day Low - Around the open AND/OR between between 11am and 1pm AND/OR in the last two hours of trading. In all there will be 3 to 4 troughs today.
Planned Trades - Holding long puts and any bearish positions through the day.
Day Trade Opportunity: Potentially buying ITM calls at around 1pm - 2:15pm est. Selling around 3pm.
#MoonGeminiTrineMercuryLibra @4:38am est.
#MoonGeminiSextileChironAries @9:33am est.
#SunVirgoTrineJupiterCapricorn @12:04pm est.
#MarsRetrograde @6:22pm est.
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