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500 Daily Forecast for Tuesday, June 16, 2020 (Revisited)

Updated: Aug 1, 2022

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100% Accuracy (5 correct statements out of 5 statements)

Day's Theme - Pivot point. Volatile sideways movement AND/OR multiple bottoms. Support/resistance is met around the open AND/OR between 12pm - 1pm est. AND/OR in the last hour of trading. Opportunity at the lows. Opportunity 9:30am - 10:30am est. Opportunity in the post market.

1-Day High - will form between 2pm est. and the post-market.

1-Day Low - will form between the open - 12pm est. AND/OR between 1-3pm est.

Planned Trades - TBD

****** ORIGINAL POST Day's Theme - Fresh start. Renewal. Increase. Big move. Opportunity at the open. Big bullish move around 11:30am-12:30 pm est. AND/OR around 2pm - the post-market. Some volatility AND/OR sideways movement from 12pm -2pm-ish est.

1-Day High - will form in the post-market. Off of the high there will be a significant breakdown through multiple support levels.

1-Day Low - will form between 10:30am - 12:30pm est. There will be a strong bullish move off of the low. Trade opportunity at the low.

Planned Trades - TBD:

option A) Around 11:30am est. close short positions.

option B) Around 11:30am est. adjust any bearish spreads to change them to bullish spreads and take a credit. Around the close modify the bullish spreads to create butter fly spreads for another credit which should be possible after the big move higher.