S&P Daily Forecast for Thursday, April 16, 2020

***100% Accuracy! (8 out of 8 statements correct.) I executed a slightly different trade then planned but it was based on the information from the reading conducted on 4/11/2020. The entry point was perfectly timed at the absolute low for the day. I chose to take the risk of holding overnight rather than selling at the close based on the #ItheMagus card.

Day's Theme - A new cycle begins. Indecision and inner conflict are resolved. Possible morning star on candlestick charts. Gap up at the open. There was a notable gap up at the open. A breakout indicates a new cycle.

1-Day High - will form between the pre-market and 10:30am est. AND/OR between 2pm est. and the post-market. The high will form at key resistance OR after breaking through key resistance. The first high for the day formed in the premarket. The second high formed in the pre-market after a significant breakout.

1-Day Low - will form in the pre-market AND/OR between 11am est. and 2pm est. The low will form around key support. The low formed at 12:30pm est. at a key multi-support level.

Planned Trades: a the moment key resistance is breached, create an ITM diagonal or vertical call spread/s by selling a call against my long call/s. I executed a slightly different trade then planned but it was based on the information from the reading conducted on 4/11/2020. The entry point was perfectly timed at the absolute low for the day. I chose to take the risk of holding overnight rather than selling at the close based on the #ItheMagus card.

Day's Theme - A new cycle begins. Indecision and inner conflict are resolved. Possible morning star on candlestick charts. Gap up at the open.

1-Day Low - will form in the pre-market AND/OR between 11am est. and 2pm est. The low will form around key support. The low formed at 12:30pm est. at a key multi-support level.