S&P 500 Weekly Forecast for August 24 - August 28, 2020
Updated: Aug 1, 2022
The Week's Theme - Possible low for the Month of August takes place this week.
Monday - A brief high early on Monday. An intraday rally higher. Ends the day with volatility AND/OR notable decline on a one day chart.
Tuesday - Early behavior undetermined.*** Strong intraday move higher. Ends with selling off of a high.
Wednesday - Gap up or early rally. Some selling around the high. Finishes higher, an economic leader or good economic news is highlighted.
Thursday - Early reversal. Intraday decline to AND/OR through support. Afternoon rally into resistance. Closes bouncing around resistance.
Friday - Big gap down AND/OR strong decline in the morning. A male ruler/president is highlighted in the intraday session. Afternoon rally AND/OR sideways movement around support/resistance.
The Week's High - Somewhere around the afternoon on Wednesday AND/OR the morning on Thursday.
The Week's Low - Roughly between Monday afternoon and Tuesday morning AND/OR roughly between Thursday postmarket and Friday morning.
Trading Opportunities: Trade opportunities at the lows AND/OR lesser opportunity on Thursday.
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Astrological data with transit times for the week can be found in the corresponding daily readings.
Monday
#OpenCard8ofCups #IntradayCard9ofWands #CloseCardQueenOfSwords
Tuesday
#OpenCard8ofSwords #IntradayVIIIAdjustment #CloseCard10ofCups
Wednesday
#OpenCard10ofDisks #Intraday4ofCups #CloseCardPrinceOfDisks
Thursday
#OpenCardQueenOfCups #Intraday7ofCups #CloseCard7ofWands
Friday
#OpenCard7ofDisks #IntradayIVtheEmperor #CloseCard6ofCups
#2020
#WeeklySpread #SwingTrade #1WeekChart
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